Academy Of Cognitive Therapy
EIN: 472315866 · Philadelphia, PA · NTEE: S40
| Metric | Value |
|---|---|
| Total Revenue | $836K |
| Total Expenses | $796K |
| Net Assets | $1.0M |
Is Academy Of Cognitive Therapy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Academy Of Cognitive Therapy
Academy Of Cognitive Therapy (EIN: 472315866) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code S40. The organization reported total revenue of $836K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Academy Of Cognitive Therapy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Academy Of Cognitive Therapy is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 21.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $732K |
| Total Expenses | $796K |
| Surplus / Deficit | $-64,132 |
| Total Assets | $1.1M |
| Total Liabilities | $17K |
| Net Assets | $1.0M |
| Operating Margin | -8.8% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 15.9 months |
Financial Health Grade: B
In 2023, Academy Of Cognitive Therapy reported a deficit of $64K with expenses exceeding revenue, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Academy Of Cognitive Therapy's revenue has grown at a compound annual growth rate (CAGR) of 21.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | -10.5% | -5.6% |
| 2022 | -2.8% | +17.8% | -15.7% |
| 2021 | +42.1% | +25.3% | +5.4% |
| 2020 | +10.7% | +25.4% | -3.3% |
| 2019 | -40.7% | -24.8% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Academy Of Cognitive Therapy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Academy Of Cognitive Therapy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Frequently Asked Questions about Academy Of Cognitive Therapy
Is Academy Of Cognitive Therapy a legitimate charity?
Academy Of Cognitive Therapy (EIN: 472315866) is a registered tax-exempt nonprofit based in Pennsylvania. It has 10 years of IRS 990 filings on record. Total revenue: $836K. No red flags identified. Financial health grade: B.
How does Academy Of Cognitive Therapy spend its money?
Academy Of Cognitive Therapy reported $836K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Academy Of Cognitive Therapy tax-deductible?
Academy Of Cognitive Therapy is registered as a tax-exempt nonprofit (EIN: 472315866). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Academy Of Cognitive Therapy located?
Academy Of Cognitive Therapy is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 472315866. It is classified under NTEE code S40.
How many years of IRS 990 filings does Academy Of Cognitive Therapy have?
Academy Of Cognitive Therapy has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $836K in total revenue.
Filing History
IRS 990 filing history for Academy Of Cognitive Therapy showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Academy Of Cognitive Therapy's revenue has grown by 474.5%, moving from $127K to $732K. Total assets increased by 1185.1% over the same period, from $82K to $1.1M. Total functional expenses rose by 1655.2%, from $45K to $796K. In its most recent filing year (2023), Academy Of Cognitive Therapy reported a deficit of $64K, with expenses exceeding revenue. The organization holds $17K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $732K | $796K | $1.1M | $17K | — | View 990 |
| 2022 | $757K | $889K | $1.1M | $15K | — | — |
| 2021 | $779K | $755K | $1.3M | $17K | — | View 990 |
| 2020 | $548K | $602K | $1.3M | $80K | — | — |
| 2019 | $495K | $480K | $1.3M | $95K | — | — |
| 2018 | $836K | $638K | $1.3M | $85K | — | View 990 |
| 2017 | $867K | $671K | $1.1M | $98K | — | View 990 |
| 2016 | $954K | $744K | $815K | $79K | — | View 990 |
| 2015 | $918K | $456K | $589K | $66K | — | View 990 |
| 2014 | $127K | $45K | $82K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $732K, expenses of $796K, and assets of $1.1M (revenue -3.4% year-over-year).
- 2022: Revenue of $757K, expenses of $889K, and assets of $1.1M (revenue -2.8% year-over-year).
- 2021: Revenue of $779K, expenses of $755K, and assets of $1.3M (revenue +42.1% year-over-year).
- 2020: Revenue of $548K, expenses of $602K, and assets of $1.3M (revenue +10.7% year-over-year).
- 2019: Revenue of $495K, expenses of $480K, and assets of $1.3M (revenue -40.7% year-over-year).
- 2018: Revenue of $836K, expenses of $638K, and assets of $1.3M (revenue -3.6% year-over-year).
- 2017: Revenue of $867K, expenses of $671K, and assets of $1.1M (revenue -9.1% year-over-year).
- 2016: Revenue of $954K, expenses of $744K, and assets of $815K (revenue +3.9% year-over-year).
- 2015: Revenue of $918K, expenses of $456K, and assets of $589K (revenue +621.1% year-over-year).
- 2014: Revenue of $127K, expenses of $45K, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Academy Of Cognitive Therapy:
Data Sources and Methodology
This transparency report for Academy Of Cognitive Therapy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.