Therhappy Therapy Services Inc

Analysis

Therhappy Therapy Services Inc is a registered charity in United States, based in Spring Hill, FL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Therhappy Therapy Services Inc reported income of $1.9m and spending of $2.3m, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+10%), an average of +3.3% a year. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Therhappy Therapy Services Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Mymichigan Medical Center Saginaw Foundation ($1.9m), California School Based Health Alliance ($1.9m) and Bridges of Hope ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $212k (9.3% of expenses). Other salaries and wages came to $57k. At year end it held assets of $1.5m against liabilities of $2.1m, net assets of -$558k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.