Encircle Therapy

Analysis

Encircle Therapy is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Encircle Therapy reported income of $1.2m and spending of $943k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $293k to $1.2m (+307%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Encircle Therapy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within UT. Charities of a similar size with the same main cause include Quebec Labrador Foundation Inc ($1.2m), Visiting Nurses Foundation ($1.2m) and Find Your Light Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $816k. At year end it held assets of $392k against liabilities of $15k, net assets of $377k. It reported 17 employees.