Concept Therapy Institute Inc

Analysis

Concept Therapy Institute Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 1964, 62 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 December 2023, Concept Therapy Institute Inc reported income of $447k and spending of $749k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $465k to $447k (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 168% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concept Therapy Institute Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Childrens Place of Buffalo and Erie County Inc ($447k), Marian Mullin Hancock Charitable TR 031893 ($447k) and Lenawee Symphony Orchestra Society Inc ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $123k (16% of expenses). Other salaries and wages came to $91k. At year end it held assets of $3.1m against liabilities of $13k, net assets of $3.1m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.