Mental Health America of Virginia

Analysis

Mental Health America of Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 1970, 56 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 Virginia reported income of $840k and spending of $835k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $840k (+135%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 95% 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 Virginia sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Smith Center for the Arts Inc ($840k), Conselyea Street Block Assoc Inc ($840k) and Volunteers of America Inc ($840k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $78k (9.3% of expenses). Other salaries and wages came to $247k. At year end it held assets of $310k against liabilities of $75k, net assets of $235k. It reported 10 employees.