A Chance for Therapy Inc

Analysis

A Chance for Therapy Inc is a registered charity in United States, based in Key Biscayne, FL. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, A Chance for Therapy Inc reported income of $210k and spending of $211k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $210k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, A Chance for Therapy 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 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Port Washington Education Foundation ($210k), Oakleaf Endownment TR for the Blake School ($210k) and The Rachel Molly Markoff Foundation ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $47k. At year end it held assets of $780k against liabilities of $161k, net assets of $619k.