Chicago Psychoanalytic Institute

Analysis

Chicago Psychoanalytic Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1940, 86 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 June 2023, Chicago Psychoanalytic Institute reported income of $1.8m and spending of $2.0m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.8m (-19%), an average of -5.0% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Psychoanalytic Institute sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Art 4 Life ($1.8m), Elgin Symphony Orchestra Assoc ($1.8m) and Palm Springs Friends of Philharmonic ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $198k (10% of expenses). Other salaries and wages came to $818k. At year end it held assets of $2.3m against liabilities of $189k, net assets of $2.1m. It reported 20 employees.