The American College of Psychiatrists Inc

Analysis

The American College of Psychiatrists Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The American College of Psychiatrists Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $2.4m (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The American College of Psychiatrists Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Lutherans Outdoors in South Dakota Inc ($2.4m), New Hope Educational Institute Inc ($2.4m) and Canaan Housing Development Fund Corporation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $262k (11% of expenses). Other salaries and wages came to $338k. At year end it held assets of $11.0m against liabilities of $444k, net assets of $10.5m. It reported 4 employees.