Advanced Center for Psychotherapy Inc

Analysis

Advanced Center for Psychotherapy Inc is a registered charity in United States, based in Jamaica Estates, NY. It received its IRS tax-exemption ruling in May 1962, 64 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Advanced Center for Psychotherapy Inc reported income of $6.3m and spending of $7.4m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $6.3m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advanced Center for Psychotherapy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Front Porch Communities Foundation ($6.3m), High Sky Childrens Ranch ($6.3m) and Managed Access to Child Health Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $465k against liabilities of $7.5m, net assets of -$7.0m. It reported 49 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.