Institute for Cognitive Therapy Inc

Analysis

Institute for Cognitive Therapy Inc is a registered charity in United States, based in Orem, UT. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Institute for Cognitive Therapy Inc reported income of $268k and spending of $239k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $229k to $268k (+17%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Institute for Cognitive Therapy Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within UT. Charities of a similar size with the same main cause include Red Door Place Inc ($268k), Urban Concepts Inc ($268k) and South Hill School Age Program Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $173k. At year end it held assets of $126k against liabilities of $6,775, net assets of $119k. It reported 8 employees.