Develop Minded Therapies

Analysis

Develop Minded Therapies is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in September 2020, 6 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 2022, Develop Minded Therapies reported income of $447k and spending of $548k, spending 123% of what it took in. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Develop Minded Therapies sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Usher 1f Collaborative Inc ($447k), New York Relief Network ($447k) and Idaho Federation of Families for Childrens Mental Health Inc ($446k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $246k. At year end it held assets of $35k against liabilities of $133k, net assets of -$99k. It reported 12 employees.