Western New England Institute For Psychoanalysis
EIN: 60707098 · New Haven, CT · NTEE: F30Z
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $155K |
| Net Assets | $784K |
Is Western New England Institute For Psychoanalysis Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Western New England Institute For Psychoanalysis
Western New England Institute For Psychoanalysis (EIN: 60707098) is a nonprofit organization based in New Haven, CT, classified under NTEE code F30Z. The organization reported total revenue of $5.3M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western New England Institute For Psychoanalysis's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Western New England Institute For Psychoanalysis is a mid-size nonprofit that has been operating for 69 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $155K |
| Surplus / Deficit | $-40,731 |
| Total Assets | $812K |
| Total Liabilities | $28K |
| Net Assets | $784K |
| Operating Margin | -35.5% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 62.7 months |
Financial Health Grade: B
In 2023, Western New England Institute For Psychoanalysis reported a deficit of $41K with expenses exceeding revenue, holds 62.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Western New England Institute For Psychoanalysis's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.5% | +12.4% | -1.6% |
| 2022 | -12.4% | +7.5% | -4.7% |
| 2021 | -45.3% | -46.6% | -2.0% |
| 2020 | +10.8% | +73.0% | -4.0% |
| 2019 | +50.7% | -9.1% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 1957 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Western New England Institute For Psychoanalysis 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 Western New England Institute For Psychoanalysis 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 $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.4%.
Frequently Asked Questions about Western New England Institute For Psychoanalysis
Is Western New England Institute For Psychoanalysis a legitimate charity?
Western New England Institute For Psychoanalysis (EIN: 60707098) is a registered tax-exempt nonprofit based in Connecticut. It has 13 years of IRS 990 filings on record. Total revenue: $5.3M. No red flags identified. Financial health grade: B.
How does Western New England Institute For Psychoanalysis spend its money?
Western New England Institute For Psychoanalysis reported $5.3M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Western New England Institute For Psychoanalysis tax-deductible?
Western New England Institute For Psychoanalysis is registered as a tax-exempt nonprofit (EIN: 60707098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Western New England Institute For Psychoanalysis located?
Western New England Institute For Psychoanalysis is headquartered in New Haven, Connecticut and files with the IRS under EIN 60707098. It is classified under NTEE code F30Z.
How many years of IRS 990 filings does Western New England Institute For Psychoanalysis have?
Western New England Institute For Psychoanalysis 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 $5.3M in total revenue.
Filing History
IRS 990 filing history for Western New England Institute For Psychoanalysis showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Western New England Institute For Psychoanalysis's revenue has declined by 21.2%, moving from $145K to $115K. Total assets decreased by 15.5% over the same period, from $961K to $812K. Total functional expenses rose by 12.9%, from $138K to $155K. In its most recent filing year (2023), Western New England Institute For Psychoanalysis reported a deficit of $41K, with expenses exceeding revenue. The organization holds $28K in liabilities against $812K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $784K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $115K | $155K | $812K | $28K | — | — |
| 2022 | $98K | $138K | $825K | $0 | — | View 990 |
| 2021 | $111K | $128K | $865K | $0 | — | View 990 |
| 2020 | $203K | $240K | $883K | $0 | — | View 990 |
| 2019 | $184K | $139K | $919K | $0 | — | View 990 |
| 2018 | $122K | $153K | $875K | $0 | — | View 990 |
| 2017 | $108K | $167K | $906K | $0 | — | View 990 |
| 2016 | $105K | $117K | $965K | $0 | — | View 990 |
| 2015 | $127K | $125K | $977K | $0 | — | View 990 |
| 2014 | $115K | $124K | $974K | $0 | — | View 990 |
| 2013 | $158K | $141K | $983K | $0 | — | View 990 |
| 2012 | $144K | $138K | $967K | $0 | — | View 990 |
| 2011 | $145K | $138K | $961K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $115K, expenses of $155K, and assets of $812K (revenue +17.5% year-over-year).
- 2022: Revenue of $98K, expenses of $138K, and assets of $825K (revenue -12.4% year-over-year).
- 2021: Revenue of $111K, expenses of $128K, and assets of $865K (revenue -45.3% year-over-year).
- 2020: Revenue of $203K, expenses of $240K, and assets of $883K (revenue +10.8% year-over-year).
- 2019: Revenue of $184K, expenses of $139K, and assets of $919K (revenue +50.7% year-over-year).
- 2018: Revenue of $122K, expenses of $153K, and assets of $875K (revenue +12.8% year-over-year).
- 2017: Revenue of $108K, expenses of $167K, and assets of $906K (revenue +3.3% year-over-year).
- 2016: Revenue of $105K, expenses of $117K, and assets of $965K (revenue -17.7% year-over-year).
- 2015: Revenue of $127K, expenses of $125K, and assets of $977K (revenue +10.1% year-over-year).
- 2014: Revenue of $115K, expenses of $124K, and assets of $974K (revenue -26.7% year-over-year).
- 2013: Revenue of $158K, expenses of $141K, and assets of $983K (revenue +9.3% year-over-year).
- 2012: Revenue of $144K, expenses of $138K, and assets of $967K (revenue -0.9% year-over-year).
- 2011: Revenue of $145K, expenses of $138K, and assets of $961K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Western New England Institute For Psychoanalysis:
Data Sources and Methodology
This transparency report for Western New England Institute For Psychoanalysis 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.