Psychoanalytic Center of the Carolinas Inc

Analysis

Psychoanalytic Center of the Carolinas Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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 June 2024, Psychoanalytic Center of the Carolinas Inc reported income of $597k and spending of $771k, spending 129% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $193k to $597k (+210%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 508%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Psychoanalytic Center of the Carolinas 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 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Camera Club of New York Inc ($597k), Martin County Council on Aging Inc ($597k) and Teams for Medical Missions ($597k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 20% of the total. Other salaries and wages came to $274k. At year end it held assets of $1.9m against liabilities of $5,254, net assets of $1.9m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.