Tlc- the Treatment & Learning Centers Inc

Analysis

Tlc- the Treatment & Learning Centers Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in August 1958, 68 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tlc- the Treatment & Learning Centers Inc reported income of $17.2m and spending of $17.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.3m to $17.2m (+21%), an average of +4.8% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tlc- the Treatment & Learning Centers Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Family Care Network Inc ($17.2m), Ihm Senior Living Community Inc ($17.2m) and The Mental Health Association of Oregon ($17.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $408k (2.4% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $15.6m against liabilities of $3.3m, net assets of $12.4m. It reported 308 employees.