New York Psychotherapy and Counseling Center

Analysis

New York Psychotherapy and Counseling Center is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in January 1975, 51 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 June 2023, New York Psychotherapy and Counseling Center reported income of $97.4m and spending of $68.7m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $67.5m to $97.4m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New York Psychotherapy and Counseling Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Mt Graham Regional Medical Center Inc ($97.3m), Kings Daughters Medical Center ($97.5m) and Labette County Medical Center ($97.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.4m (2.0% of expenses). Other salaries and wages came to $45.9m. At year end it held assets of $274.1m against liabilities of $9.7m, net assets of $264.4m. It reported 715 employees.