Mental Health Resources Inc

Analysis

Mental Health Resources Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 1976, 50 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 Resources Inc reported income of $31.1m and spending of $30.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.2m to $31.1m (+14%), an average of +3.4% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mental Health Resources Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include First Step Inc ($31.1m), Navy-Marine Corps Relief Society ($31.1m) and Aspira Inc of Pennsylvania ($31.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $854k (2.8% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $15.7m against liabilities of $3.8m, net assets of $12.0m. It reported 245 employees.