Center for Psychosocial Development Inc

Analysis

Center for Psychosocial Development Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, Center for Psychosocial Development Inc reported income of $1.2m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $920k to $1.2m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Center for Psychosocial Development Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AK. Charities of a similar size with the same main cause include Texas Health Foundation Inc ($1.2m), Community Health Network of Connecticut Holdings Inc ($1.2m) and Asian Healthcare Foundation Ofmassachusetts Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $260k (24% of expenses). Other salaries and wages came to $346k. At year end it held assets of $1.5m against liabilities of $409k, net assets of $1.1m. It reported 8 employees.