Society for the Improvement of Psychological Science

Analysis

Society for the Improvement of Psychological Science is a registered charity in United States, based in Jenison, MI. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Society for the Improvement of Psychological Science reported income of $111k and spending of $62k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $111k (+14%), an average of +14% a year. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for the Improvement of Psychological Science sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include American Society of Comparative Law ($111k), Colorado Fine Arts Association ($111k) and Four Lakes Traditional Music Collective Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 55% of the total. At year end it held assets of $266k against liabilities of $0, net assets of $266k.