McLeod Centers for Wellbeing

Analysis

McLeod Centers for Wellbeing is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1971, 55 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, McLeod Centers for Wellbeing reported income of $21.7m and spending of $24.5m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.1m to $21.7m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLeod Centers for Wellbeing sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Icahn Medical Research Foundation ($21.7m), Northland Pace Program ($21.8m) and Mental Health Association of Essex and Morris Inc ($21.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $702k (2.9% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $26.2m against liabilities of $7.1m, net assets of $19.1m. It reported 274 employees.