Mental Health Association in Indian River County Inc

Analysis

Mental Health Association in Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in June 1998, 28 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 September 2022, Mental Health Association in Indian River County Inc reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $1.5m to $2.4m (+64%), an average of +18% a year. The sharpest change came in the year to September 2020, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mental Health Association in Indian River County Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Ranching Heritage Association ($2.4m), Bay Area Enterprises Inc ($2.4m) and Allen Sports Association Inc ($2.4m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $111k (4.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $110k, net assets of $1.4m. It reported 44 employees.