Washington Square Institute For Psychotherapy & Mental Health
Washington Square Institute sees revenue growth but consistent historical deficits and declining assets.
EIN: 136211265 · New York, NY · NTEE: F32Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $2.2M |
| Program Spending | 75% |
| Net Assets | $1.9M |
| Transparency Score | 65/100 |
Is Washington Square Institute For Psychotherapy & Mental Health Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washington Square Institute For Psychotherapy & Mental Health directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Washington Square Institute For Psychotherapy & Mental Health
Washington Square Institute For Psychotherapy & Mental Health (EIN: 136211265) is a nonprofit organization based in New York, NY, classified under NTEE code F32Z. The organization reported total revenue of $3.2M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Square Institute For Psychotherapy & Mental Health's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Square Institute For Psychotherapy & Mental Health is a mid-size nonprofit that has been operating for 58 years, with 7 years of IRS 990 filings on record (2012–2018). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-34,979 |
| Total Assets | $1.9M |
| Total Liabilities | $75K |
| Net Assets | $1.9M |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 10.6 months |
Financial Health Grade: B
In 2018, Washington Square Institute For Psychotherapy & Mental Health reported a deficit of $35K with expenses exceeding revenue, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 7 years of filings (2012–2018), Washington Square Institute For Psychotherapy & Mental Health's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +47.3% | +12.9% | -35.0% |
| 2017 | -9.7% | -0.6% | -15.6% |
| 2016 | -14.7% | +2.2% | -9.1% |
| 2015 | +17.2% | -11.6% | -0.4% |
| 2014 | +1.4% | +5.2% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1968 |
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 Washington Square Institute For Psychotherapy & Mental Health 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, Washington Square Institute For Psychotherapy & Mental Health 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a fully volunteer executive leadership or that compensation is categorized under other expense lines, which could obscure the true cost of leadership.
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 Washington Square Institute For Psychotherapy & Mental Health's IRS 990 filings:
- 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
The following positive indicators were identified for Washington Square Institute For Psychotherapy & Mental Health:
- 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
Frequently Asked Questions about Washington Square Institute For Psychotherapy & Mental Health
Is Washington Square Institute For Psychotherapy & Mental Health a legitimate charity?
Washington Square Institute For Psychotherapy & Mental Health (EIN: 136211265) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 7 years of IRS 990 filings on record. Total revenue: $3.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Washington Square Institute For Psychotherapy & Mental Health spend its money?
Washington Square Institute For Psychotherapy & Mental Health directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Washington Square Institute For Psychotherapy & Mental Health tax-deductible?
Washington Square Institute For Psychotherapy & Mental Health is registered as a tax-exempt nonprofit (EIN: 136211265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Washington Square Institute For Psychotherapy & Mental Health's spending goes to programs?
Washington Square Institute For Psychotherapy & Mental Health directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Washington Square Institute For Psychotherapy & Mental Health compare to similar nonprofits?
With a transparency score of 65/100 (Good), Washington Square Institute For Psychotherapy & Mental Health is above average for NTEE category F32Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Washington Square Institute For Psychotherapy & Mental Health located?
Washington Square Institute For Psychotherapy & Mental Health is headquartered in New York, New York and files with the IRS under EIN 136211265. It is classified under NTEE code F32Z.
How many years of IRS 990 filings does Washington Square Institute For Psychotherapy & Mental Health have?
Washington Square Institute For Psychotherapy & Mental Health has 7 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 $3.2M in total revenue.
Is Washington Square Institute For Psychotherapy & Mental Health financially sustainable given its history of deficit spending?
The organization has consistently reported expenses exceeding revenue in most periods, leading to a significant decline in assets from $4,304,264 in 2012 to $1,927,248 in 2018. While the latest revenue is higher, the historical trend suggests a need for improved financial management to ensure long-term sustainability.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings could indicate that executive leadership is entirely volunteer-based or that compensation is included within other expense categories, which would require further investigation for full transparency.
What is the breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency in these areas.
Filing History
IRS 990 filing history for Washington Square Institute For Psychotherapy & Mental Health showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2018), Washington Square Institute For Psychotherapy & Mental Health's revenue has grown by 56.9%, moving from $1.4M to $2.1M. Total assets decreased by 55.2% over the same period, from $4.3M to $1.9M. Total functional expenses rose by 14.6%, from $1.9M to $2.2M. In its most recent filing year (2018), Washington Square Institute For Psychotherapy & Mental Health reported a deficit of $35K, with expenses exceeding revenue. The organization holds $75K in liabilities against $1.9M in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $2.1M | $2.2M | $1.9M | $75K | — | — |
| 2017 | $1.5M | $1.9M | $3.0M | $1.1M | — | — |
| 2016 | $1.6M | $1.9M | $3.5M | $1.2M | — | View 990 |
| 2015 | $1.9M | $1.9M | $3.9M | $1.2M | — | View 990 |
| 2014 | $1.6M | $2.2M | $3.9M | $1.2M | — | View 990 |
| 2013 | $1.6M | $2.0M | $4.1M | $896K | — | View 990 |
| 2012 | $1.4M | $1.9M | $4.3M | $610K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $2.1M, expenses of $2.2M, and assets of $1.9M (revenue +47.3% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.9M, and assets of $3.0M (revenue -9.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.9M, and assets of $3.5M (revenue -14.7% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.9M, and assets of $3.9M (revenue +17.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $2.2M, and assets of $3.9M (revenue +1.4% year-over-year).
- 2013: Revenue of $1.6M, expenses of $2.0M, and assets of $4.1M (revenue +16.2% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.9M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Square Institute For Psychotherapy & Mental Health:
Data Sources and Methodology
This transparency report for Washington Square Institute For Psychotherapy & Mental Health 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.