Therapy And Learning Center Inc
Therapy And Learning Center Inc consistently operates with surpluses and reports no officer compensation.
EIN: 113015277 · Brooklyn, NY · NTEE: B280 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $7.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7,911,801, |
| Net Assets | $462K |
| Transparency Score | 95/100 |
Is Therapy And Learning Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Therapy And Learning Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Therapy And Learning Center Inc
Therapy And Learning Center Inc (EIN: 113015277) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B280. The organization reported total revenue of $7.9M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Therapy And Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Therapy And Learning Center Inc is a mid-size nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.1M |
| Total Expenses | $7.0M |
| Surplus / Deficit | +$115K |
| Total Assets | $4.3M |
| Total Liabilities | $3.9M |
| Net Assets | $462K |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 89.3% |
| Months of Reserves | 7.4 months |
Financial Health Grade: A
In 2024, Therapy And Learning Center Inc reported a surplus of $115K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 89.3% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Therapy And Learning Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.9% | +9.1% | +8.8% |
| 2023 | +11.2% | +11.9% | +1.7% |
| 2022 | -3.4% | -5.4% | -7.5% |
| 2021 | +4.1% | +3.4% | -8.4% |
| 2020 | +0.3% | +0.2% | +18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Therapy And Learning Center Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Therapy And Learning Center Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $115K, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size, with latest revenue of $7,911,801, and suggests a strong commitment to directing all funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Therapy And Learning Center Inc's IRS 990 filings:
- Liabilities have shown a general increasing trend alongside assets, though assets consistently exceed liabilities.
Strengths
The following positive indicators were identified for Therapy And Learning Center Inc:
- Consistent revenue growth over the past decade, from $3.8M to $7.9M.
- Consistent operational surpluses in recent years (e.g., $114,614 in 202406).
- Zero officer compensation reported across all 14 filings, indicating high efficiency and mission focus.
- Assets consistently exceed liabilities, demonstrating financial stability.
- Long and consistent IRS 990 filing history, indicating strong transparency.
Frequently Asked Questions about Therapy And Learning Center Inc
Is Therapy And Learning Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Therapy And Learning Center Inc (EIN: 113015277) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Therapy And Learning Center Inc spend its money?
Therapy And Learning Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Therapy And Learning Center Inc tax-deductible?
Therapy And Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 113015277). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Therapy And Learning Center Inc CEO make?
Therapy And Learning Center Inc's highest-compensated officer earns $7,911,801, annually. The organization reported $7.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Therapy And Learning Center Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Therapy And Learning Center Inc is above average for NTEE category B280 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Therapy And Learning Center Inc located?
Therapy And Learning Center Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113015277. It is classified under NTEE code B280.
How many years of IRS 990 filings does Therapy And Learning Center Inc have?
Therapy And Learning Center Inc has 14 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 $7.9M in total revenue.
Is Therapy And Learning Center Inc a good charity?
Based on the provided financial data, Therapy And Learning Center Inc appears to be a very good charity. It consistently operates with a surplus, has growing assets, and most notably, reports 0% officer compensation across all filings, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization has shown consistent growth in revenue, from $3,895,631 in 201506 to $7,911,801 in the latest period. Assets have also generally increased, and it has maintained a positive net asset position, indicating improving financial health and stability over the past decade.
What is the organization's approach to executive compensation?
Therapy And Learning Center Inc has a highly unusual and commendable approach to executive compensation, reporting 0% officer compensation in all 14 available filings. This suggests that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is a strong indicator of dedication to the mission.
Filing History
IRS 990 filing history for Therapy And Learning Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Therapy And Learning Center Inc's revenue has grown by 39.3%, moving from $5.1M to $7.1M. Total assets decreased by 24.3% over the same period, from $5.7M to $4.3M. Total functional expenses rose by 35.5%, from $5.2M to $7.0M. In its most recent filing year (2024), Therapy And Learning Center Inc reported a surplus of $115K, with revenue exceeding expenses. The organization holds $3.9M in liabilities against $4.3M in assets (debt-to-asset ratio: 89.3%), resulting in net assets of $462K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $7.1M | $7.0M | $4.3M | $3.9M | — | View 990 |
| 2023 | $6.6M | $6.4M | $4.0M | $3.6M | — | View 990 |
| 2022 | $5.9M | $5.8M | $3.9M | $3.7M | — | View 990 |
| 2021 | $6.1M | $6.1M | $4.2M | $4.1M | — | View 990 |
| 2020 | $5.9M | $5.9M | $4.6M | $4.5M | — | View 990 |
| 2019 | $5.8M | $5.9M | $3.9M | $3.8M | — | View 990 |
| 2018 | $5.7M | $5.4M | $4.1M | $4.0M | — | View 990 |
| 2017 | $4.5M | $4.9M | $4.4M | $4.6M | — | View 990 |
| 2016 | $4.5M | $4.7M | $4.7M | $4.4M | — | View 990 |
| 2015 | $3.9M | $4.4M | $4.7M | $4.3M | — | View 990 |
| 2014 | $4.1M | $4.7M | $5.2M | $4.3M | — | View 990 |
| 2013 | $4.5M | $4.7M | $5.7M | $4.2M | — | View 990 |
| 2012 | $5.1M | $5.4M | $5.6M | $4.1M | — | View 990 |
| 2011 | $5.1M | $5.2M | $5.7M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.1M, expenses of $7.0M, and assets of $4.3M (revenue +8.9% year-over-year).
- 2023: Revenue of $6.6M, expenses of $6.4M, and assets of $4.0M (revenue +11.2% year-over-year).
- 2022: Revenue of $5.9M, expenses of $5.8M, and assets of $3.9M (revenue -3.4% year-over-year).
- 2021: Revenue of $6.1M, expenses of $6.1M, and assets of $4.2M (revenue +4.1% year-over-year).
- 2020: Revenue of $5.9M, expenses of $5.9M, and assets of $4.6M (revenue +0.3% year-over-year).
- 2019: Revenue of $5.8M, expenses of $5.9M, and assets of $3.9M (revenue +3.2% year-over-year).
- 2018: Revenue of $5.7M, expenses of $5.4M, and assets of $4.1M (revenue +27.1% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.9M, and assets of $4.4M (revenue -1.3% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.7M, and assets of $4.7M (revenue +15.9% year-over-year).
- 2015: Revenue of $3.9M, expenses of $4.4M, and assets of $4.7M (revenue -5.8% year-over-year).
- 2014: Revenue of $4.1M, expenses of $4.7M, and assets of $5.2M (revenue -7.2% year-over-year).
- 2013: Revenue of $4.5M, expenses of $4.7M, and assets of $5.7M (revenue -12.8% year-over-year).
- 2012: Revenue of $5.1M, expenses of $5.4M, and assets of $5.6M (revenue -0.3% year-over-year).
- 2011: Revenue of $5.1M, expenses of $5.2M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Therapy And Learning Center Inc:
Data Sources and Methodology
This transparency report for Therapy And Learning Center 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.