West Bergen Mental Healthcare Inc

Analysis

West Bergen Mental Healthcare Inc is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in November 1964, 62 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 June 2024, West Bergen Mental Healthcare Inc reported income of $10.0m and spending of $10.2m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $8.3m to $10.0m (+20%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Bergen Mental Healthcare 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 Canterbury Towers Inc ($10.0m), Morris Health Services ($10.0m) and Rochester Riverside Convention Ctr ($10.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $502k (4.9% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $11.4m against liabilities of $310k, net assets of $11.1m. It reported 206 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.