Massachusetts Psychiatric Society

Analysis

Massachusetts Psychiatric Society is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in October 1967, 59 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 December 2023, Massachusetts Psychiatric Society reported income of $404k and spending of $365k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $452k to $404k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Psychiatric Society sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Rush Medical Group of Newton Pa ($403k), Pittston Township Ambulance Assn ($404k) and Common Purpose Inc ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 39% of the total. At year end it held assets of $1.1m against liabilities of $62k, net assets of $998k.