Is Washington Square Institute For Psychotherapy & Mental Health Legit?

Quick charity verification for Washington Square Institute For Psychotherapy & Mental Health (EIN: 136211265)

Verdict: Washington Square Institute For Psychotherapy & Mental Health shows mixed signals

65/100Mission Score

$3.2MRevenue

$1.9MAssets

3Red Flags

3Strengths

Red Flags

Consistent historical operational deficits (expenses exceeding revenue in most periods)
Significant decline in total assets over time, from $4,304,264 in 2012 to $1,927,248 in 2018
Lack of detailed expense breakdown (program, admin, fundraising) in provided data

Strengths

Significant revenue growth in the latest period, reaching $3,164,046
Substantial reduction in liabilities, from a high of $1,179,451 in 2014 to $75,421 in 2018
Reported 0% officer compensation, potentially indicating highly efficient leadership costs or volunteer leadership

Spending Breakdown

How Washington Square Institute For Psychotherapy & Mental Health 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 Washington Square Institute For Psychotherapy & Mental Health

Is Washington Square Institute For Psychotherapy & Mental Health a legitimate charity?

Based on AI analysis of IRS 990 filings, Washington Square Institute For Psychotherapy & Mental Health (EIN: 136211265) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Washington Square Institute For Psychotherapy & Mental Health a good charity to donate to?

Washington Square Institute For Psychotherapy & Mental Health has a Mission Score of 65/100. Revenue: $3.2M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Washington Square Institute For Psychotherapy & Mental Health?

The Employer Identification Number (EIN) for Washington Square Institute For Psychotherapy & Mental Health is 136211265. 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 Washington Square Institute For Psychotherapy & Mental Health spend its money?

Washington Square Institute For Psychotherapy & Mental Health allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Washington Square Institute For Psychotherapy & Mental Health's tax-exempt status?

You can verify Washington Square Institute For Psychotherapy & Mental Health's tax-exempt status using EIN 136211265 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 Washington Square Institute For Psychotherapy & Mental Health demonstrates a mixed financial picture. While the organization has shown significant revenue growth, increasing from $1,369,974 in 2012 to $3,164,046 in its latest filing, it has consistently operated with expenses exceeding revenue in most reported periods, such as in 2018 where expenses were $2,183,851 against revenues of $2,148,872. This trend of deficit spending has led to a notable decline in assets over the years, from $4,304,264 in 2012 to $1,927,248 in 2018, indicating a reliance on existing reserves or an inability to consistently cover operational costs through current income.

The organization's financial health is further complicated by its asset decline, though liabilities have also decreased from a high of $1,179,451 in 2014 to $75,421 in 2018, which is a positive sign of debt management. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or that compensation is reported under other categories, which could impact transparency regarding leadership costs. Without a detailed breakdown of expenses (program, administrative, fundraising) from the provided data, it's challenging to fully assess spending efficiency, but the consistent operational deficits raise questions about long-term sustainability if not addressed by increased revenue or reduced expenses.

Overall, the Institute shows strong revenue generation in its latest period, but historical financial trends suggest a need for closer examination of expense management to ensure long-term stability and growth. The lack of reported executive compensation is a notable point for transparency, potentially indicating a highly efficient leadership cost structure or an area where more detailed disclosure would be beneficial for a complete financial assessment.

View Full Transparency Report →

Disclaimer

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