Institute for Modern Psychoanalysis of Philadelphia

Analysis

Institute for Modern Psychoanalysis of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Institute for Modern Psychoanalysis of Philadelphia reported income of $803k and spending of $712k, spending 89% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $357k to $803k (+125%), an average of +22% a year. The sharpest change came in the year to May 2023, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for Modern Psychoanalysis of Philadelphia sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Transitions Inc ($803k), Community Library of the Shenango Valley ($804k) and Excellent Montessori Inc ($803k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $68k (9.6% of expenses). Other salaries and wages came to $112k. At year end it held assets of $426k against liabilities of $359k, net assets of $67k. It reported 4 employees.