Research Foundation for Mental Hygiene Inc

Analysis

Research Foundation for Mental Hygiene Inc is a registered charity in United States, based in Menands, NY. It received its IRS tax-exemption ruling in May 1954, 72 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Research Foundation for Mental Hygiene Inc reported income of $246.7m and spending of $250.0m, spending 101% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $222.7m to $246.7m (+11%), an average of +2.6% a year. The sharpest change came in the year to March 2022, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Research Foundation for Mental Hygiene Inc sits at the 97th percentile: it is larger than about 97% of them. 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 Norton Sound Health Corporation ($246.3m), Florida Hospital Zephyrhills Inc ($246.7m) and St Lukes West Ltd ($246.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $930k (0.4% of expenses). Other salaries and wages came to $84.4m. At year end it held assets of $155.7m against liabilities of $75.7m, net assets of $80.0m. It reported 1,624 employees.