Willow Oak Therapy Center Inc

Analysis

Willow Oak Therapy Center Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 1984, 42 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Willow Oak Therapy Center Inc reported income of $667k and spending of $683k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $667k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Willow Oak Therapy Center Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Starry Foundation ($666k), Mending Hearts Family Services Inc ($667k) and Peoples Oakland Inc ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $70k (10% of expenses). Other salaries and wages came to $53k. At year end it held assets of $211k against liabilities of $32k, net assets of $180k. It reported 4 employees.