Therapeutic Health Services

Analysis

Therapeutic Health Services is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1973, 53 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 (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, Therapeutic Health Services reported income of $25.7m and spending of $24.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.8m to $25.7m (+7.8%), an average of +1.9% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Therapeutic Health Services sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Uvmc Nursing Care Inc ($25.7m), Banner Health Foundation ($25.7m) and South County Mental Health Center Inc ($25.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $399k (1.6% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $30.2m against liabilities of $14.0m, net assets of $16.2m. It reported 323 employees.