Mental Health America of Lake County Inc

Analysis

Mental Health America of Lake County Inc is a registered charity in United States, based in Hammond, IN. It received its IRS tax-exemption ruling in July 2015, 11 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 America of Lake County Inc reported income of $5.1m and spending of $4.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $5.1m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mental Health America of Lake County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Young Mens Christian Association of Prattville Alabama Inc ($5.1m), Adventhealth West Florida Ambulatory Services Inc ($5.1m) and Massachusetts Association for Mental Health ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $430k (9.2% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $3.4m against liabilities of $1.1m, net assets of $2.3m. It reported 97 employees.