Michigan School of Psychology

Analysis

Michigan School of Psychology is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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 August 2023, Michigan School of Psychology reported income of $6.0m and spending of $6.0m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.7m to $6.0m (+26%), an average of +6.0% a year. The sharpest change came in the year to August 2020, when income rose by 25%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan School of Psychology sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Pflag Inc ($6.0m), T a M B of Jackson Tennessee Inc ($6.0m) and Extra Special People Inc ($6.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $635k (11% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $11.6m against liabilities of $3.0m, net assets of $8.6m. It reported 101 employees.