Wa Therapy Fund Foundation

Analysis

Wa Therapy Fund Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 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 2023, Wa Therapy Fund Foundation reported income of $906k and spending of $737k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $237k to $906k (+282%), an average of +95% a year. The sharpest change came in the year to December 2022, when income rose by 279%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wa Therapy Fund Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Navajo United Methodist Center ($905k), Pediatric Nephrology Research Consortium ($906k) and Henderson Vance Healthcare Inc ($905k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $128k (17% of expenses). Other salaries and wages came to $93k. At year end it held assets of $638k against liabilities of $28k, net assets of $610k. It reported 3 employees.