Sunshine Physical Therapy Clinic Inc

Analysis

Sunshine Physical Therapy Clinic Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in July 1958, 68 years ago. 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, Sunshine Physical Therapy Clinic Inc reported income of $1.9m and spending of $2.2m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunshine Physical Therapy Clinic 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 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Down Syndrome Association of Greater Cincinnati ($1.9m), Church Management & Tax Conference Inc ($1.9m) and Center for Abuse & Rape Emergencies of Charlotte County Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.2m against liabilities of $642k, net assets of $593k. It reported 44 employees.