Open Path Psychotherapy Collective Inc

Analysis

Open Path Psychotherapy Collective Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Open Path Psychotherapy Collective Inc reported income of $1.9m and spending of $1.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $880k to $1.9m (+118%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Open Path Psychotherapy Collective Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Southwest Georgia Area Health Education Center Inc ($1.9m), Presbyterian Seniorcare at Home Inc ($1.9m) and American Society for Investigative Pathology Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $487k (28% of expenses). Other salaries and wages came to $449k. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m. It reported 12 employees.