Association for Psychological Science

Analysis

Association for Psychological Science is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1989, 37 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, Association for Psychological Science reported income of $6.5m and spending of $6.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.3m to $6.5m (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association for Psychological Science sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 82nd percentile within DC. Charities of a similar size with the same main cause include Healthy Start Inc ($6.5m), Jewish Federation of Delaware Inc ($6.5m) and Champaign County YMCA Dba Stephens Family YMCA ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $639k (9.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $13.4m against liabilities of $3.6m, net assets of $9.8m. It reported 23 employees.