Chicago School of Professional Psychology Inc

Analysis

Chicago School of Professional Psychology Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1980, 46 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, Chicago School of Professional Psychology Inc reported income of $39.3m and spending of $35.1m, spending 89% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $34.0m to $39.3m (+16%), an average of +3.7% a year. 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, Chicago School of Professional Psychology Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Elmira College ($39.3m), First Philadelphia Preparatory Charter School ($39.4m) and Distributive Education Clubs of America Group Return ($39.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 2.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $305k (0.9% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $85.7m against liabilities of $6.4m, net assets of $79.3m. It reported 521 employees.