The Mental Health Fund Inc

Analysis

The Mental Health Fund Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in October 1999, 27 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 2024, The Mental Health Fund Inc reported income of $9.7m and spending of $9.6m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.2m to $9.7m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Mental Health Fund Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Eventide ($9.7m), St Joseph Manor ($9.7m) and Nuway Recovery Foundation ($9.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $8.8m against liabilities of $602k, net assets of $8.2m. It reported 174 employees.