Institute for the Psychological Sciences

Analysis

Institute for the Psychological Sciences is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Institute for the Psychological Sciences reported income of $12.4m and spending of $12.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $12.4m (+20%), an average of +4.6% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for the Psychological Sciences sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Ssomusd Residency Corporation ($12.4m), Davidson Day School ($12.4m) and Princeton-Blairstown Center Inc ($12.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $149k (1.2% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $9.1m against liabilities of $3.4m, net assets of $5.6m. It reported 98 employees.