Institute For Contemporary Psychotherapy
Institute For Contemporary Psychotherapy faces increasing liabilities and operating deficits despite consistent revenue.
EIN: 132689918 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.9M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $301K |
| Transparency Score | 65/100 |
Is Institute For Contemporary Psychotherapy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute For Contemporary Psychotherapy directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute For Contemporary Psychotherapy
Institute For Contemporary Psychotherapy (EIN: 132689918) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.5M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute For Contemporary Psychotherapy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute For Contemporary Psychotherapy is a mid-size nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-653,866 |
| Total Assets | $3.9M |
| Total Liabilities | $3.6M |
| Net Assets | $301K |
| Operating Margin | -29.4% |
| Debt-to-Asset Ratio | 92.3% |
| Months of Reserves | 16.4 months |
Financial Health Grade: C
In 2023, Institute For Contemporary Psychotherapy reported a deficit of $654K with expenses exceeding revenue, holds 16.4 months of operating reserves (strong position), has a debt-to-asset ratio of 92.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Institute For Contemporary Psychotherapy's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | +9.8% | -24.3% |
| 2022 | -27.3% | +0.7% | +139.4% |
| 2021 | +25.1% | +3.8% | +48.7% |
| 2020 | +5.4% | +8.5% | +25.6% |
| 2019 | +9.3% | +0.6% | +19.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
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 Institute For Contemporary Psychotherapy 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, Institute For Contemporary Psychotherapy 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 deficit of $654K, with expenses exceeding revenue.
- Debt-to-asset ratio: 92.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership either serves without direct compensation or that compensation is structured in a way not reported under this category, which is unusual for an organization with over $2 million in annual revenue.
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 Institute For Contemporary Psychotherapy's IRS 990 filings:
- 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
The following positive indicators were identified for Institute For Contemporary Psychotherapy:
- 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.
Frequently Asked Questions about Institute For Contemporary Psychotherapy
Is Institute For Contemporary Psychotherapy a legitimate charity?
Institute For Contemporary Psychotherapy (EIN: 132689918) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Institute For Contemporary Psychotherapy spend its money?
Institute For Contemporary Psychotherapy directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Institute For Contemporary Psychotherapy tax-deductible?
Institute For Contemporary Psychotherapy is registered as a tax-exempt nonprofit (EIN: 132689918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Institute For Contemporary Psychotherapy CEO make?
Institute For Contemporary Psychotherapy's highest-compensated officer earns $2 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Institute For Contemporary Psychotherapy's spending goes to programs?
Institute For Contemporary Psychotherapy directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Institute For Contemporary Psychotherapy located?
Institute For Contemporary Psychotherapy is headquartered in New York, New York and files with the IRS under EIN 132689918.
How many years of IRS 990 filings does Institute For Contemporary Psychotherapy have?
Institute For Contemporary Psychotherapy 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 $2.5M in total revenue.
Is Institute For Contemporary Psychotherapy financially stable?
The organization's financial stability is a concern, given that expenses have exceeded revenue in several recent periods (e.g., 202312: $2,878,105 expenses vs. $2,224,239 revenue) and liabilities have significantly increased from $592,662 in 202112 to $3,621,953 in 202312.
What caused the large increase in liabilities?
The filings show a substantial increase in liabilities from $592,662 in 202112 to $3,621,953 in 202312. Without more detailed financial statements, the specific causes (e.g., new debt, deferred revenue, program-related liabilities) cannot be determined from the provided data.
How does the organization manage its expenses?
The organization has frequently spent more than its revenue, with expenses exceeding revenue in 202312, 202212, 201812, and 201712. This suggests potential challenges in expense management relative to income generation.
Is the 0% officer compensation sustainable?
While 0% officer compensation is positive for minimizing overhead, for an organization with over $2 million in annual revenue, it raises questions about how key leadership is compensated or if this structure is sustainable long-term without impacting operational capacity.
Filing History
IRS 990 filing history for Institute For Contemporary Psychotherapy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Institute For Contemporary Psychotherapy's revenue has grown by 24.9%, moving from $1.8M to $2.2M. Total assets increased by 554.9% over the same period, from $599K to $3.9M. Total functional expenses rose by 78.1%, from $1.6M to $2.9M. In its most recent filing year (2023), Institute For Contemporary Psychotherapy reported a deficit of $654K, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $3.9M in assets (debt-to-asset ratio: 92.3%), resulting in net assets of $301K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.9M | $3.9M | $3.6M | — | — |
| 2022 | $2.3M | $2.6M | $5.2M | $4.2M | — | View 990 |
| 2021 | $3.2M | $2.6M | $2.2M | $593K | — | View 990 |
| 2020 | $2.5M | $2.5M | $1.5M | $450K | — | View 990 |
| 2019 | $2.4M | $2.3M | $1.2M | $178K | — | View 990 |
| 2018 | $2.2M | $2.3M | $967K | $77K | — | View 990 |
| 2017 | $1.9M | $2.1M | $1.0M | $59K | — | View 990 |
| 2016 | $2.1M | $2.1M | $1.3M | $105K | — | View 990 |
| 2015 | $2.0M | $1.9M | $1.2M | $74K | — | View 990 |
| 2014 | $2.0M | $1.8M | $1.1M | $73K | — | View 990 |
| 2013 | $2.0M | $1.8M | $889K | $82K | — | View 990 |
| 2012 | $1.9M | $1.8M | $702K | $61K | — | View 990 |
| 2011 | $1.8M | $1.6M | $599K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.9M, and assets of $3.9M (revenue -3.4% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.6M, and assets of $5.2M (revenue -27.3% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.6M, and assets of $2.2M (revenue +25.1% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.5M, and assets of $1.5M (revenue +5.4% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.3M, and assets of $1.2M (revenue +9.3% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.3M, and assets of $967K (revenue +16.6% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.1M, and assets of $1.0M (revenue -10.5% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.1M, and assets of $1.3M (revenue +3.3% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.9M, and assets of $1.2M (revenue +2.5% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.8M, and assets of $1.1M (revenue -1.3% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.8M, and assets of $889K (revenue +5.8% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $702K (revenue +7.0% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.6M, and assets of $599K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute For Contemporary Psychotherapy:
Data Sources and Methodology
This transparency report for Institute For Contemporary Psychotherapy 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.