Therapeutic Living Services Inc

Analysis

Therapeutic Living Services Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Therapeutic Living Services Inc reported income of $2.9m and spending of $3.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.9m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Therapeutic Living Services Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NM. Charities of a similar size with the same main cause include Young Womens Christian Association ($2.9m), Helping Hand Home for Children Foundation ($2.9m) and Pueblo Unido PDX ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $124k (4.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.5m against liabilities of $83k, net assets of $2.4m. It reported 75 employees.