The Mental Health Association of New York City Inc

Analysis

The Mental Health Association of New York City Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1970, 56 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, The Mental Health Association of New York City Inc reported income of $332.4m and spending of $324.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.7m to $332.4m (+413%), an average of +50% a year. The sharpest change came in the year to June 2023, when income rose by 166%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Mental Health Association of New York City Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Florida Hospital Physician Group Inc ($326.6m), Loyola University Maryland Inc ($334.1m) and Jsi Research & Training Institute Inc ($326.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $1.9m (0.6% of expenses). Other salaries and wages came to $50.4m. At year end it held assets of $189.3m against liabilities of $107.5m, net assets of $81.8m. It reported 919 employees.