Western New England Institute for Psychoanalysis

Analysis

Western New England Institute for Psychoanalysis is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in December 1957, 69 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 June 2023, Western New England Institute for Psychoanalysis reported income of $115k and spending of $155k, spending 136% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income fell from $122k to $115k (-6.0%), an average of -1.2% a year. The sharpest change came in the year to June 2019, when income rose by 51%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Western New England Institute for Psychoanalysis sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include VMR Research Foundation ($115k), Camp Magik Inc ($115k) and Empowered Citizens ($115k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 38% of the total. Other salaries and wages came to $61k. At year end it held assets of $812k against liabilities of $28k, net assets of $784k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.