Mental Illness Recovery Center Inc

Analysis

Mental Illness Recovery Center Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in December 1962, 64 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 Illness Recovery Center Inc reported income of $6.7m and spending of $6.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $6.7m (+3.4%), an average of +0.8% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mental Illness Recovery Center Inc 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 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include 2life Communities Services Inc ($6.7m), Special Olympics Missouri ($6.7m) and National Immigration Forum Inc ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $400k (6.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $3.4m against liabilities of $1.7m, net assets of $1.7m. It reported 84 employees.