Penquis Mental Health Association

Analysis

Penquis Mental Health Association is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Penquis Mental Health Association reported income of $492k and spending of $376k, leaving 24% of income unspent that year. Across the 6 years on record, from April 2019 to September 2023, income grew from $112k to $492k (+340%), an average of +34% a year. The sharpest change came in the year to September 2023, when income rose by 390122%. Over the whole period it spent 194% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Penquis Mental Health Association sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within ME. Charities of a similar size with the same main cause include Maryland Committee on Trauma Inc ($492k), Grace Dental and Medical Missions Inc ($492k) and Western Thoracic Surgical Association ($492k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 44% of the total. At year end it held assets of $7.5m against liabilities of $4.9m, net assets of $2.5m.