Is Institute For Contemporary Psychotherapy Legit?

Quick charity verification for Institute For Contemporary Psychotherapy (EIN: 132689918)

Verdict: Institute For Contemporary Psychotherapy shows mixed signals

65/100Mission Score

$2.5MRevenue

$2.9MAssets

4Red Flags

3Strengths

Red Flags

Consistent operating deficits in recent years (e.g., 202312, 202212)
Significant and rapid increase in liabilities from $592,662 in 202112 to $3,621,953 in 202312
Fluctuating asset base with a recent decline from $5,183,757 in 202212 to $3,922,621 in 202312
Lack of reported officer compensation for an organization of this size, which could indicate unreported compensation or an unsustainable volunteer leadership model.

Strengths

Consistent revenue generation, generally exceeding $2 million annually
Long history of IRS 990 filings (13 filings), indicating transparency in reporting
No reported officer compensation, suggesting a commitment to minimizing executive overhead.

Spending Breakdown

How Institute For Contemporary Psychotherapy allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Institute For Contemporary Psychotherapy

Is Institute For Contemporary Psychotherapy a legitimate charity?

Based on AI analysis of IRS 990 filings, Institute For Contemporary Psychotherapy (EIN: 132689918) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.

Is Institute For Contemporary Psychotherapy a good charity to donate to?

Institute For Contemporary Psychotherapy has a Mission Score of 65/100. Revenue: $2.5M. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Institute For Contemporary Psychotherapy?

The Employer Identification Number (EIN) for Institute For Contemporary Psychotherapy is 132689918. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Institute For Contemporary Psychotherapy spend its money?

Institute For Contemporary Psychotherapy allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Institute For Contemporary Psychotherapy's tax-exempt status?

You can verify Institute For Contemporary Psychotherapy's tax-exempt status using EIN 132689918 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Institute For Contemporary Psychotherapy demonstrates a mixed financial picture. While the organization has consistently generated over $2 million in revenue in recent years, its expenses have frequently exceeded revenue, particularly in the most recent filing period (202312), where expenses of $2,878,105 outstripped revenue of $2,224,239. This trend of operating at a deficit is also evident in 202212 and 201812, indicating potential challenges in maintaining financial equilibrium. The organization's assets have shown significant fluctuation, peaking at $5,183,757 in 202212 but then decreasing to $3,922,621 in 202312, while liabilities have increased substantially from $592,662 in 202112 to $3,621,953 in 202312, raising concerns about its long-term financial stability and debt management.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The significant increase in liabilities, however, warrants closer examination to understand the nature of these obligations and their impact on the organization's ability to allocate resources effectively towards its mission. The lack of NTEE code information also hinders a direct comparison to peer organizations.

Transparency is generally good given the consistent filing of IRS Form 990s. However, the absence of reported officer compensation, while potentially positive, could also indicate that compensation is structured in a way that isn't captured under 'officer compensation' or that key leadership roles are unpaid, which might not be sustainable for a large organization. Further detail on the allocation of expenses would enhance transparency and allow for a more precise evaluation of spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.