Psycharmor Institute Inc

Analysis

Psycharmor Institute Inc is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Psycharmor Institute Inc reported income of $2.8m and spending of $3.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.8m (+28%), an average of +6.5% a year. 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, Psycharmor Institute Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Golden Spike Inc ($2.8m), West Alabama Health Services Inc ($2.8m) and Kvanli Academy Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $826k (28% of expenses). Other salaries and wages came to $811k. At year end it held assets of $1.6m against liabilities of $787k, net assets of $815k. It reported 23 employees.