Mental Health Association of Monmouth County Inc

Analysis

Mental Health Association of Monmouth County Inc is a registered charity in United States, based in Tinton Falls, NJ. It received its IRS tax-exemption ruling in August 1953, 73 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 December 2023, Mental Health Association of Monmouth County Inc reported income of $3.7m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.7m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mental Health Association of Monmouth County Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Urban Libraries Council ($3.7m), Habitat for Humanity International Inc ($3.7m) and Ninety-Nines Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $243k (6.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.2m against liabilities of $943k, net assets of $231k. It reported 51 employees.