M Gorman Phychological Associates Inc

Analysis

M Gorman Phychological Associates Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in August 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, M Gorman Phychological Associates Inc reported income of $1.9m and spending of $2.1m, spending 110% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.0m to $1.9m (+84%), an average of +16% a year. The sharpest change came in the year to May 2022, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, M Gorman Phychological Associates Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Chicago Youth Symphony Orchestras ($1.9m), Pyramid Hill Sculpture Park and Museum ($1.9m) and Arts Council of Fort Worth and Tarrant County Inc ($1.9m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $153k against liabilities of $0, net assets of $153k.