The New Center for Psychoanalysis

Analysis

The New Center for Psychoanalysis is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The New Center for Psychoanalysis reported income of $1.0m and spending of $1.2m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $939k to $1.0m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The New Center for Psychoanalysis sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Neflin Inc ($1.0m), Seflin Southeast Florida Library Information Network Inc ($1.0m) and North Dade Regional Academy Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $174k (14% of expenses). Other salaries and wages came to $245k. At year end it held assets of $11.9m against liabilities of $516k, net assets of $11.4m. It reported 13 employees.