New Jersey Association for Mental Health Inc

Analysis

New Jersey Association for Mental Health Inc is a registered charity in United States, based in Springfield, NJ. It received its IRS tax-exemption ruling in April 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, New Jersey Association for Mental Health Inc reported income of $9.6m and spending of $9.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $9.6m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Association for Mental Health Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include American Society of Human Genetics ($9.6m), Coast Guard Mutual Assistance Incorporated ($9.6m) and Southeast Vermont Transit Inc ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $694k (7.2% of expenses). Other salaries and wages came to $5.2m. It paid $65k in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $3.2m, net assets of $2.0m. It reported 176 employees.