Institute for Contemporary Psychotherapy

Analysis

Institute for Contemporary Psychotherapy is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1976, 50 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Institute for Contemporary Psychotherapy reported income of $2.2m and spending of $2.9m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.2m (-7.4%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Contemporary Psychotherapy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Center for Humanistic Change Inc ($2.2m), Lakeside School ($2.2m) and Carmel Swim Club ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $173k (6.0% of expenses). Other salaries and wages came to $665k. At year end it held assets of $3.9m against liabilities of $3.6m, net assets of $301k. It reported 21 employees.