Mental Health Association of Southern Tier Inc

Analysis

Mental Health Association of Southern Tier Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in June 1968, 58 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 December 2023, Mental Health Association of Southern Tier Inc reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.7m (-22%), an average of -6.1% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mental Health Association of Southern Tier 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 Iowa Healthiest State Initiative ($1.7m), American Academy of Optometry Foundation Inc ($1.7m) and Fenix Family Health Center Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $115k (6.6% of expenses). Other salaries and wages came to $946k. At year end it held assets of $2.2m against liabilities of $627k, net assets of $1.6m. It reported 37 employees.