Advanced Center For Psychotherapy Inc
Advanced Center For Psychotherapy Inc faces significant financial instability with persistent operating deficits and liabilities far exceeding assets.
EIN: 111864871 · Jamaica Estates, NY · NTEE: F32Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.2M |
| Total Expenses | $7.4M |
| Program Spending | 80% |
| Net Assets | $-7,013,376 |
| Transparency Score | 40/100 |
Is Advanced Center For Psychotherapy Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Advanced Center For Psychotherapy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Advanced Center For Psychotherapy Inc
Advanced Center For Psychotherapy Inc (EIN: 111864871) is a nonprofit organization based in Jamaica Estates, NY, classified under NTEE code F32Z. The organization reported total revenue of $7.2M and total assets of $628K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Advanced Center For Psychotherapy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Advanced Center For Psychotherapy Inc is a mid-size nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $7.4M |
| Surplus / Deficit | $-1,076,225 |
| Total Assets | $465K |
| Total Liabilities | $7.5M |
| Net Assets | $-7,013,376 |
| Operating Margin | -17.1% |
| Debt-to-Asset Ratio | 1607.1% |
| Months of Reserves | 0.8 months |
Financial Health Grade: D
In 2023, Advanced Center For Psychotherapy Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 1607.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Advanced Center For Psychotherapy Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | -2.6% | -22.7% |
| 2022 | -5.1% | +4.0% | -42.0% |
| 2021 | +1.6% | +8.0% | -5.1% |
| 2020 | +17.3% | +5.4% | +7.1% |
| 2019 | +3.9% | +9.9% | +23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Advanced Center For Psychotherapy Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Advanced Center For Psychotherapy Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1607.1%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, suggesting either a volunteer leadership or that executive compensation is categorized differently, which limits transparency regarding leadership pay relative to the organization's size and financial challenges.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Advanced Center For Psychotherapy Inc's IRS 990 filings:
- Persistent operating deficits: Expenses have consistently exceeded revenue for at least the past 10 years, indicating a structural financial imbalance (e.g., 2023: $7.38M expenses vs. $6.3M revenue).
- Significant and growing liabilities: Liabilities have dramatically increased, reaching $7,478,735 in 2023, far surpassing assets.
- Negative net asset position: Assets ($465,359 in 2023) are substantially less than liabilities ($7,478,735 in 2023), indicating severe financial distress.
- Declining asset base: Total assets have decreased significantly over the past decade, from $1,631,524 in 2014 to $465,359 in 2023.
- Lack of transparency on executive compensation: Consistent reporting of 0% officer compensation without further explanation raises questions about how leadership is compensated.
Strengths
The following positive indicators were identified for Advanced Center For Psychotherapy Inc:
- Consistent IRS 990 filing history: The organization has a long history of filing its IRS 990s, indicating a commitment to basic regulatory compliance and transparency.
- Significant revenue generation: The organization consistently generates over $5 million in annual revenue, indicating a substantial operational scale (e.g., $6.3M in 2023).
Frequently Asked Questions about Advanced Center For Psychotherapy Inc
Is Advanced Center For Psychotherapy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Advanced Center For Psychotherapy Inc (EIN: 111864871) significant concerns. Mission Score: 40/100. 5 red flags identified, 2 strengths noted.
How does Advanced Center For Psychotherapy Inc spend its money?
Advanced Center For Psychotherapy Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Advanced Center For Psychotherapy Inc tax-deductible?
Advanced Center For Psychotherapy Inc is registered as a tax-exempt nonprofit (EIN: 111864871). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Advanced Center For Psychotherapy Inc's spending goes to programs?
Advanced Center For Psychotherapy Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Advanced Center For Psychotherapy Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Advanced Center For Psychotherapy Inc is near average for NTEE category F32Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Advanced Center For Psychotherapy Inc located?
Advanced Center For Psychotherapy Inc is headquartered in Jamaica Estates, New York and files with the IRS under EIN 111864871. It is classified under NTEE code F32Z.
How many years of IRS 990 filings does Advanced Center For Psychotherapy Inc have?
Advanced Center For Psychotherapy Inc has 13 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 $7.2M in total revenue.
How does Advanced Center For Psychotherapy Inc plan to address its substantial and growing liabilities, which reached $7,478,735 in 2023 against assets of $465,359?
The filings do not provide a specific plan for addressing the significant and increasing liabilities. This is a critical area of concern given the organization's negative net asset position.
What is the nature of the organization's liabilities, and are they primarily program-related or operational debts?
The IRS 990 summary data does not detail the nature of the liabilities. Understanding if these are program-related payables, long-term debt, or other obligations is crucial for assessing financial risk.
Why has the organization consistently operated with expenses exceeding revenue for the past decade, and what strategies are in place to achieve financial sustainability?
The filings show a consistent pattern of operating deficits, with expenses exceeding revenue in every reported year. There is no explicit strategy outlined in the provided data to reverse this trend and achieve financial sustainability.
Given the reported 0% officer compensation, how are the organization's leadership and key employees compensated, and what is the total compensation for the highest-paid individuals?
The consistent reporting of 0% officer compensation suggests that either leadership is entirely volunteer, or their compensation is reported under other expense lines (e.g., salaries and wages for employees), which obscures transparency regarding executive pay.
What is the functional expense breakdown (program, administrative, fundraising) to understand spending efficiency, especially given the consistent deficits?
The provided summary data does not include a detailed functional expense breakdown, making it difficult to precisely determine the percentage of spending allocated to programs versus administrative and fundraising costs. This information is vital for assessing efficiency.
Filing History
IRS 990 filing history for Advanced Center For Psychotherapy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Advanced Center For Psychotherapy Inc's revenue has grown by 22.7%, moving from $5.1M to $6.3M. Total assets decreased by 79.8% over the same period, from $2.3M to $465K. Total functional expenses rose by 41.7%, from $5.2M to $7.4M. In its most recent filing year (2023), Advanced Center For Psychotherapy Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $7.5M in liabilities against $465K in assets (debt-to-asset ratio: 1607.1%), resulting in net assets of $-7,013,376.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $7.4M | $465K | $7.5M | — | — |
| 2022 | $6.1M | $7.6M | $602K | $6.5M | — | View 990 |
| 2021 | $6.4M | $7.3M | $1.0M | $5.5M | — | View 990 |
| 2020 | $6.3M | $6.8M | $1.1M | $4.6M | — | View 990 |
| 2019 | $5.4M | $6.4M | $1.0M | $4.1M | — | View 990 |
| 2018 | $5.2M | $5.8M | $829K | $2.8M | — | View 990 |
| 2017 | $5.0M | $5.5M | $1.1M | $2.4M | — | View 990 |
| 2016 | $5.4M | $5.6M | $1.3M | $2.1M | — | View 990 |
| 2015 | $5.7M | $5.9M | $1.5M | $2.1M | — | View 990 |
| 2014 | $5.2M | $5.1M | $1.6M | $2.1M | — | View 990 |
| 2013 | $5.6M | $5.7M | $1.6M | $2.2M | — | View 990 |
| 2012 | $4.8M | $5.0M | $2.0M | $2.5M | — | View 990 |
| 2011 | $5.1M | $5.2M | $2.3M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $7.4M, and assets of $465K (revenue +4.1% year-over-year).
- 2022: Revenue of $6.1M, expenses of $7.6M, and assets of $602K (revenue -5.1% year-over-year).
- 2021: Revenue of $6.4M, expenses of $7.3M, and assets of $1.0M (revenue +1.6% year-over-year).
- 2020: Revenue of $6.3M, expenses of $6.8M, and assets of $1.1M (revenue +17.3% year-over-year).
- 2019: Revenue of $5.4M, expenses of $6.4M, and assets of $1.0M (revenue +3.9% year-over-year).
- 2018: Revenue of $5.2M, expenses of $5.8M, and assets of $829K (revenue +3.6% year-over-year).
- 2017: Revenue of $5.0M, expenses of $5.5M, and assets of $1.1M (revenue -7.8% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.6M, and assets of $1.3M (revenue -6.0% year-over-year).
- 2015: Revenue of $5.7M, expenses of $5.9M, and assets of $1.5M (revenue +9.9% year-over-year).
- 2014: Revenue of $5.2M, expenses of $5.1M, and assets of $1.6M (revenue -6.7% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.7M, and assets of $1.6M (revenue +15.5% year-over-year).
- 2012: Revenue of $4.8M, expenses of $5.0M, and assets of $2.0M (revenue -5.7% year-over-year).
- 2011: Revenue of $5.1M, expenses of $5.2M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Advanced Center For Psychotherapy Inc:
Data Sources and Methodology
This transparency report for Advanced Center For Psychotherapy Inc 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.