Park Slope Center for Mental Health Inc

Analysis

Park Slope Center for Mental Health Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1991, 35 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, Park Slope Center for Mental Health Inc reported income of $1.7m and spending of $2.9m, spending 165% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.8m to $1.7m (-53%), an average of -17% a year. The sharpest change came in the year to June 2022, when income dropped by 38%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Park Slope Center for Mental Health Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Academic Pediatric Association ($1.7m), Alliance Resources Incorporated ($1.7m) and Raices de Bienestar ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $241k (8.4% of expenses). At year end it held assets of $3.3m against liabilities of $3.9m, net assets of -$544k. It reported 58 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.