Therapeutic Living Services Inc
EIN: 850264256 · Albuquerque, NM · NTEE: P73Z
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $3.1M |
| Net Assets | $2.4M |
Is Therapeutic Living Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Therapeutic Living Services Inc
Therapeutic Living Services Inc (EIN: 850264256) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code P73Z. The organization reported total revenue of $4.0M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Therapeutic Living Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Therapeutic Living Services Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-138,967 |
| Total Assets | $2.5M |
| Total Liabilities | $83K |
| Net Assets | $2.4M |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 9.8 months |
Financial Health Grade: B
In 2023, Therapeutic Living Services Inc reported a deficit of $139K with expenses exceeding revenue, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Therapeutic Living Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.6% | +18.1% | -4.8% |
| 2022 | -9.5% | +13.9% | -2.0% |
| 2021 | +34.7% | -7.8% | +21.2% |
| 2020 | -11.9% | -3.5% | -9.5% |
| 2019 | -6.4% | -1.6% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Therapeutic Living Services Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Therapeutic Living Services Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $139K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Therapeutic Living Services Inc
Is Therapeutic Living Services Inc a legitimate charity?
Therapeutic Living Services Inc (EIN: 850264256) is a registered tax-exempt nonprofit based in New Mexico. It has 13 years of IRS 990 filings on record. Total revenue: $4.0M. No red flags identified. Financial health grade: B.
How does Therapeutic Living Services Inc spend its money?
Therapeutic Living Services Inc reported $4.0M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Therapeutic Living Services Inc tax-deductible?
Therapeutic Living Services Inc is registered as a tax-exempt nonprofit (EIN: 850264256). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Therapeutic Living Services Inc located?
Therapeutic Living Services Inc is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 850264256. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does Therapeutic Living Services Inc have?
Therapeutic Living Services Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.0M in total revenue.
Filing History
IRS 990 filing history for Therapeutic Living Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Therapeutic Living Services Inc's revenue has grown by 28.8%, moving from $2.3M to $2.9M. Total assets increased by 11% over the same period, from $2.3M to $2.5M. Total functional expenses rose by 23.4%, from $2.5M to $3.1M. In its most recent filing year (2023), Therapeutic Living Services Inc reported a deficit of $139K, with expenses exceeding revenue. The organization holds $83K in liabilities against $2.5M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.1M | $2.5M | $83K | — | — |
| 2022 | $2.6M | $2.6M | $2.7M | $72K | — | View 990 |
| 2021 | $2.9M | $2.3M | $2.7M | $108K | — | View 990 |
| 2020 | $2.1M | $2.5M | $2.2M | $207K | — | View 990 |
| 2019 | $2.4M | $2.6M | $2.5M | $82K | — | View 990 |
| 2018 | $2.6M | $2.6M | $2.7M | $112K | — | View 990 |
| 2017 | $2.6M | $2.5M | $2.7M | $105K | — | View 990 |
| 2016 | $2.4M | $2.2M | $2.6M | $79K | — | View 990 |
| 2015 | $2.4M | $2.3M | $2.4M | $76K | — | View 990 |
| 2014 | $2.2M | $2.1M | $2.3M | $92K | — | View 990 |
| 2013 | $2.2M | $1.9M | $2.4M | $195K | — | View 990 |
| 2012 | $2.0M | $2.0M | $2.2M | $250K | — | View 990 |
| 2011 | $2.3M | $2.5M | $2.3M | $313K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $3.1M, and assets of $2.5M (revenue +13.6% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.6M, and assets of $2.7M (revenue -9.5% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.3M, and assets of $2.7M (revenue +34.7% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.5M, and assets of $2.2M (revenue -11.9% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.6M, and assets of $2.5M (revenue -6.4% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.6M, and assets of $2.7M (revenue +0.4% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.5M, and assets of $2.7M (revenue +6.2% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.2M, and assets of $2.6M (revenue -0.9% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.3M, and assets of $2.4M (revenue +12.3% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.1M, and assets of $2.3M (revenue -1.1% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.9M, and assets of $2.4M (revenue +10.5% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.0M, and assets of $2.2M (revenue -13.0% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.5M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Therapeutic Living Services Inc:
Data Sources and Methodology
This transparency report for Therapeutic Living Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.