Boston Psychoanalytic Society and Institute Inc

Analysis

Boston Psychoanalytic Society and Institute Inc is a registered charity in United States, based in Newton Center, MA. It received its IRS tax-exemption ruling in July 1954, 72 years ago. 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, Boston Psychoanalytic Society and Institute Inc reported income of $958k and spending of $1.4m, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $855k to $958k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 318%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boston Psychoanalytic Society and Institute Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Telacu Housing-Monterey Hills Inc ($958k), Eldorado Church of God Homes Inc ($958k) and Petaluma Youth Soccer League ($958k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $257k (18% of expenses). Other salaries and wages came to $370k. At year end it held assets of $15.3m against liabilities of $72k, net assets of $15.2m. It reported 10 employees.