Multi-Therapeutic Services Inc

Analysis

Multi-Therapeutic Services Inc is a registered charity in United States, based in Clemmons, NC. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Multi-Therapeutic Services Inc reported income of $2.9m and spending of $2.7m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.7m to $2.9m (+71%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Multi-Therapeutic Services Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Stephens Place ($2.9m), St Martin de Porres Inc ($2.9m) and Gracewood Inc ($2.9m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $138k (5.0% of expenses). Other salaries and wages came to $1,250. At year end it held assets of $13k against liabilities of $0, net assets of $13k. It reported 2 employees.