The Lakes Region Mental Health Center Inc

Analysis

The Lakes Region Mental Health Center Inc is a registered charity in United States, based in Laconia, NH. It received its IRS tax-exemption ruling in February 1970, 56 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Lakes Region Mental Health Center Inc reported income of $17.1m and spending of $17.2m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $15.0m to $17.1m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Lakes Region Mental Health Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NH. Charities of a similar size with the same main cause include Bethany Home Inc ($17.1m), Richmond Eye & Ear Healthcare Alliance ($17.1m) and Superior Health Quality Alliance Inc ($17.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $669k (3.9% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $15.9m against liabilities of $5.7m, net assets of $10.2m. It reported 216 employees.