Institute of Mentalphysics

Analysis

Institute of Mentalphysics is a registered charity in United States, based in Joshua Tree, CA. It received its IRS tax-exemption ruling in April 1937, 89 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Institute of Mentalphysics reported income of $888k and spending of $898k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $888k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute of Mentalphysics sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Lane Arts Council ($887k), CTT Comedy ($888k) and Mourning Hope ($887k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 40% of the total. Other salaries and wages came to $396k. At year end it held assets of $1.3m against liabilities of $134k, net assets of $1.2m.