Northeast Ohio Psychiatric Institute

Analysis

Northeast Ohio Psychiatric Institute is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in February 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northeast Ohio Psychiatric Institute reported income of $1.7m and spending of $1.8m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $840k to $1.7m (+108%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 180%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Ohio Psychiatric Institute sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Jan and Niles Davies Learning Center ($1.7m), California Federation of Womens Clubs ($1.7m) and Society of Cosmetic Chemists ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $34k (1.8% of expenses). Other salaries and wages came to $134k. At year end it held assets of $1.3m against liabilities of $97k, net assets of $1.2m. It reported 2 employees.