American Society For Psychical Research Inc
American Society For Psychical Research Inc shows highly volatile finances with a significant surplus in 2023 after years of inconsistent performance.
EIN: 131655205 · New York, NY · NTEE: V40Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $468K |
| Program Spending | 75% |
| Net Assets | $2.6M |
| Transparency Score | 65/100 |
Is American Society For Psychical Research Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Society For Psychical Research Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Society For Psychical Research Inc
American Society For Psychical Research Inc (EIN: 131655205) is a nonprofit organization based in New York, NY, classified under NTEE code V40Z. The organization reported total revenue of $4.2M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Society For Psychical Research Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Society For Psychical Research Inc is a mid-size nonprofit that has been operating for 84 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 42.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $468K |
| Surplus / Deficit | +$3.7M |
| Total Assets | $3.6M |
| Total Liabilities | $955K |
| Net Assets | $2.6M |
| Operating Margin | 88.8% |
| Debt-to-Asset Ratio | 26.6% |
| Months of Reserves | 92.0 months |
Financial Health Grade: A
In 2023, American Society For Psychical Research Inc reported a surplus of $3.7M with revenue exceeding expenses, holds 92.0 months of operating reserves (strong position), has a debt-to-asset ratio of 26.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), American Society For Psychical Research Inc's revenue has grown at a compound annual growth rate (CAGR) of 42.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -78.6% | -93.9% | +429.1% |
| 2022 | +38173.1% | +4217.7% | +5.0% |
| 2021 | -18.5% | -79.1% | -11.7% |
| 2020 | +98.2% | -47.3% | -50.0% |
| 2019 | -51.4% | +3.5% | +82.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1942 |
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 American Society For Psychical Research Inc with a Mission Score of 65 out of 100 (Good). 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: 75%
- fundraising: 10%
According to IRS 990 filings, American Society For Psychical Research Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $3.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a positive sign for resource allocation.
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 American Society For Psychical Research Inc's IRS 990 filings:
- Extreme volatility in revenue and expenses over the past decade, making long-term financial planning and stability uncertain.
- Historically high liabilities, exceeding assets in many periods (e.g., 2021 liabilities of $13,540,234 vs assets of $645,544), indicating potential financial distress in the past.
Strengths
The following positive indicators were identified for American Society For Psychical Research Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Significant financial turnaround in 2023 with a large surplus ($4,165,122 revenue vs $467,709 expenses) and increased assets ($3,586,436).
- Consistent filing of IRS 990 forms, demonstrating transparency in reporting.
Frequently Asked Questions about American Society For Psychical Research Inc
Is American Society For Psychical Research Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Society For Psychical Research Inc (EIN: 131655205) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does American Society For Psychical Research Inc spend its money?
American Society For Psychical Research Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Society For Psychical Research Inc tax-deductible?
American Society For Psychical Research Inc is registered as a tax-exempt nonprofit (EIN: 131655205). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of American Society For Psychical Research Inc's spending goes to programs?
American Society For Psychical Research Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does American Society For Psychical Research Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), American Society For Psychical Research Inc is above average for NTEE category V40Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Society For Psychical Research Inc located?
American Society For Psychical Research Inc is headquartered in New York, New York and files with the IRS under EIN 131655205. It is classified under NTEE code V40Z.
How many years of IRS 990 filings does American Society For Psychical Research Inc have?
American Society For Psychical Research Inc has 14 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 $4.2M in total revenue.
What caused the extreme fluctuations in revenue and expenses, particularly the large revenue spikes in 2022 and 2023?
The IRS 990 data alone does not specify the source of these large revenue fluctuations, which could be due to major donations, investment gains, or other extraordinary income events. Further investigation into the organization's financial statements would be needed.
How does the organization manage its significant liabilities, which reached over $13 million in several past years?
The filings show liabilities decreasing significantly in 2023 to $954,841 from over $1.7 million in 2022 and over $13 million in prior years. This suggests a recent effort or event that allowed for substantial liability reduction, possibly related to the large revenue spikes.
What is the nature of the organization's programs, given the NTEE code V40Z (Research Institutes & Public Policy Analysis)?
The NTEE code suggests a focus on research and analysis, likely related to psychical research. Without program service accomplishment details from the 990, specific program activities cannot be determined.
Filing History
IRS 990 filing history for American Society For Psychical Research Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), American Society For Psychical Research Inc's revenue has grown by 9895.7%, moving from $42K to $4.2M. Total assets increased by 583.9% over the same period, from $524K to $3.6M. Total functional expenses rose by 3.5%, from $452K to $468K. In its most recent filing year (2023), American Society For Psychical Research Inc reported a surplus of $3.7M, with revenue exceeding expenses. The organization holds $955K in liabilities against $3.6M in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $468K | $3.6M | $955K | — | — |
| 2022 | $19.4M | $7.6M | $678K | $1.8M | — | — |
| 2021 | $51K | $177K | $646K | $13.5M | — | — |
| 2020 | $62K | $844K | $731K | $13.5M | — | View 990 |
| 2019 | $31K | $1.6M | $1.5M | $13.5M | — | View 990 |
| 2018 | $65K | $1.5M | $803K | $11.3M | — | View 990 |
| 2017 | $20K | $1.5M | $1.0M | $10.0M | — | View 990 |
| 2016 | $92K | $1.5M | $2.5M | $10.0M | — | View 990 |
| 2015 | $23K | $1.1M | $1.1M | $7.2M | — | View 990 |
| 2014 | $22K | $1.0M | $2.2M | $7.2M | — | View 990 |
| 2013 | $28K | $916K | $1.2M | $5.2M | — | View 990 |
| 2012 | $35K | $955K | $2.1M | $5.3M | — | View 990 |
| 2011 | $76K | $652K | $2.9M | $5.2M | — | View 990 |
| 2010 | $42K | $452K | $524K | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $468K, and assets of $3.6M (revenue -78.6% year-over-year).
- 2022: Revenue of $19.4M, expenses of $7.6M, and assets of $678K (revenue +38173.1% year-over-year).
- 2021: Revenue of $51K, expenses of $177K, and assets of $646K (revenue -18.5% year-over-year).
- 2020: Revenue of $62K, expenses of $844K, and assets of $731K (revenue +98.2% year-over-year).
- 2019: Revenue of $31K, expenses of $1.6M, and assets of $1.5M (revenue -51.4% year-over-year).
- 2018: Revenue of $65K, expenses of $1.5M, and assets of $803K (revenue +225.1% year-over-year).
- 2017: Revenue of $20K, expenses of $1.5M, and assets of $1.0M (revenue -78.3% year-over-year).
- 2016: Revenue of $92K, expenses of $1.5M, and assets of $2.5M (revenue +296.2% year-over-year).
- 2015: Revenue of $23K, expenses of $1.1M, and assets of $1.1M (revenue +6.3% year-over-year).
- 2014: Revenue of $22K, expenses of $1.0M, and assets of $2.2M (revenue -22.3% year-over-year).
- 2013: Revenue of $28K, expenses of $916K, and assets of $1.2M (revenue -18.8% year-over-year).
- 2012: Revenue of $35K, expenses of $955K, and assets of $2.1M (revenue -54.8% year-over-year).
- 2011: Revenue of $76K, expenses of $652K, and assets of $2.9M (revenue +83.3% year-over-year).
- 2010: Revenue of $42K, expenses of $452K, and assets of $524K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Society For Psychical Research Inc:
Data Sources and Methodology
This transparency report for American Society For Psychical Research 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.