Ravenwood Mental Health Center

Analysis

Ravenwood Mental Health Center is a registered charity in United States, based in Chardon, OH. It received its IRS tax-exemption ruling in June 1971, 55 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 2023, Ravenwood Mental Health Center reported income of $15.8m and spending of $16.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $15.8m (+90%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 39%. 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, Ravenwood Mental Health Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Community Action Development Corporation ($15.8m), Spiritrust Lutheran Home Care & Hospice ($15.8m) and Ocean Community Economic Action Now Inc ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $844k (5.2% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $5.2m against liabilities of $2.6m, net assets of $2.6m. It reported 246 employees.