Society of Biological Psychiatry

Analysis

Society of Biological Psychiatry is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in January 1974, 52 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society of Biological Psychiatry reported income of $3.0m and spending of $3.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.0m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Society of Biological Psychiatry sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Senior Living Partners of Virginia LLC ($3.0m), Warby Parker Foundation ($3.0m) and Concordia Medical Equipment ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. Compensation of current officers, directors and key employees was $222k (7.1% of expenses). At year end it held assets of $19.7m against liabilities of $428k, net assets of $19.3m.