Fund for the Advancement of Mental Health Inc

Analysis

Fund for the Advancement of Mental Health Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in January 1960, 66 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fund for the Advancement of Mental Health Inc reported income of $185k and spending of $25k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $334k to $185k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fund for the Advancement of Mental Health Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Committee on Better Racial Assurance ($185k), Phenix City Court Referral Programs Incorporated ($185k) and Institute for Patient Access ($185k).

At year end it held assets of $1.7m against liabilities of $896k, net assets of $757k.