Group Psychotherapy Foundation Inc

Analysis

Group Psychotherapy Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1963, 63 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, Group Psychotherapy Foundation Inc reported income of $4.9m and spending of $912k, leaving 82% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $523k to $4.9m (+845%), an average of +111% a year. The sharpest change came in the year to June 2023, when income rose by 789%. Over the whole period it spent 38% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Group Psychotherapy Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Kennebec Mental Health Associates Inc ($4.9m), Memorial Foundation of Allen Hospital ($4.9m) and Vision for Hope ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 90% of the total. At year end it held assets of $7.6m against liabilities of $962k, net assets of $6.6m.