Prestera Center for Mental Health

Analysis

Prestera Center for Mental Health is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in November 1969, 57 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Prestera Center for Mental Health reported income of $49.8m and spending of $44.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.9m to $49.8m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prestera Center for Mental Health sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within WV. Charities of a similar size with the same main cause include Community Hospital Association Inc ($49.8m), Schwab Rehabilitation Hosptial and Care Network ($49.8m) and Harrisburg Medical Center Inc ($49.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $118k (0.3% of expenses). Other salaries and wages came to $23.0m. At year end it held assets of $25.6m against liabilities of $10.5m, net assets of $15.2m. It reported 805 employees.