The Therapeutic Play Foundation Inc

Analysis

The Therapeutic Play Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Therapeutic Play Foundation Inc reported income of $2.2m and spending of $702k, leaving 69% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $347k to $2.2m (+543%), an average of +154% a year. The sharpest change came in the year to December 2023, when income rose by 252%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Therapeutic Play Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Lodestar Childrens Services Inc ($2.2m), Kingdom Kare ($2.2m) and Council for Life ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $69k (9.8% of expenses). Other salaries and wages came to $274k. At year end it held assets of $1.5m against liabilities of $10k, net assets of $1.4m.