Mental Health Association of Rhode Island

Analysis

Mental Health Association of Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 1958, 68 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 2023, Mental Health Association of Rhode Island reported income of $262k and spending of $279k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $145k to $262k (+80%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mental Health Association of Rhode Island sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 55th percentile within RI. Charities of a similar size with the same main cause include Spina Bifida Association of Greater New England Inc ($262k), Sister2sister Inc ($262k) and Successful Opportunities for an Unprivileged Life Inc ($262k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $78k (28% of expenses). Other salaries and wages came to $56k. It paid $16k in professional fundraising fees. At year end it held assets of $448k against liabilities of $6,982, net assets of $441k. It reported 3 employees.