Michigan Psychoanalytic Foundation

Analysis

Michigan Psychoanalytic Foundation is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 May 2023, Michigan Psychoanalytic Foundation reported income of $593k and spending of $578k, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $643k to $593k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to May 2021, when income dropped by 15%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michigan Psychoanalytic Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Crivitz Rescue Squad Inc ($593k), Baby Quest Foundation Inc ($593k) and Capitol Area Reentry Program Inc ($593k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. At year end it held assets of $2.5m against liabilities of $608k, net assets of $1.9m.