Touchstone Mental Health

Analysis

Touchstone Mental Health is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Touchstone Mental Health reported income of $17.2m and spending of $17.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.1m to $17.2m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Touchstone Mental Health sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Gads Hill Center ($17.2m), Mercer County Behavioral Health Commission Inc ($17.2m) and Aging and In-Home Services of Ne in ($17.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $819k (4.7% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $11.6m against liabilities of $4.1m, net assets of $7.5m. It reported 312 employees.