Northeast Mental Health Housing Inc

Analysis

Northeast Mental Health Housing Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northeast Mental Health Housing Inc reported income of $500k and spending of $340k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $233k to $500k (+114%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Mental Health Housing Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Public Leadership Education Network Plen ($499k), Gesu Endowment Fund ($500k) and Catoctin Furnace Historical Society Inc ($499k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Other salaries and wages came to $49k. At year end it held assets of $739k against liabilities of $753k, net assets of -$15k.