Mental Health and Addiction Network Inc

Analysis

Mental Health and Addiction Network Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in September 2004, 22 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 April 2023, Mental Health and Addiction Network Inc reported income of $132k and spending of $126k, spending 95% of its income. Across the 4 years on record, from April 2020 to April 2023, income fell from $173k to $132k (-24%), an average of -8.6% a year. The sharpest change came in the year to April 2022, when income dropped by 21%. 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, Mental Health and Addiction Network Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Panhandle Breast Health ($132k), Community Health Education Foundation ($132k) and Merry Heart Childrens Camp ($132k).

On its Form 990-EZ for the period ending April 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $81k against liabilities of $2,526, net assets of $78k.