Riverdale Mental Health Association Inc

Analysis

Riverdale Mental Health Association Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 1960, 66 years ago. 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, Riverdale Mental Health Association Inc reported income of $5.9m and spending of $5.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.4m to $5.9m (-7.5%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverdale Mental Health Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include William J Gould Associates Inc ($5.9m), Ross Training Center Inc ($5.9m) and Electrical Workers Joint Apprentice and Training Trust Fund ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $517k (8.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $5.8m against liabilities of $3.5m, net assets of $2.3m. It reported 91 employees.