TLC Centers for Therapy

Analysis

TLC Centers for Therapy is a registered charity in United States, based in Crystal Lake, IL. It received its IRS tax-exemption ruling in September 2016, 10 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, TLC Centers for Therapy reported income of $1.3m and spending of $1.6m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $797k to $1.3m (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 513%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TLC Centers for Therapy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Colorado River Regional Crisis Services ($1.3m), Hub Argentine Inc ($1.3m) and Adoption Alliance ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 47% of the total. Other salaries and wages came to $831k. At year end it held assets of $4.9m against liabilities of $453k, net assets of $4.5m. It reported 31 employees.