Mental Health America of Central Carolinas Inc

Analysis

Mental Health America of Central Carolinas Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1961, 65 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 June 2023, Mental Health America of Central Carolinas Inc reported income of $2.1m and spending of $1.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.1m (+98%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 71%. 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 America of Central Carolinas Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Framingham State University Foundation Inc ($2.1m), California Thoroughbred Horsemens Foundation ($2.1m) and Robert & Janice McNair Educational Foundation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $114k (5.9% of expenses). Other salaries and wages came to $720k. At year end it held assets of $1.5m against liabilities of $308k, net assets of $1.2m. It reported 20 employees.