Mental Health Association of Kentucky Inc

Analysis

Mental Health Association of Kentucky Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 1969, 57 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 Health Association of Kentucky Inc reported income of $321k and spending of $312k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $321k (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 92% 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 of Kentucky Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include Penn Area Library Association ($321k), Kansas City Chorale ($321k) and Little League Baseball Inc ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $48k (15% of expenses). Other salaries and wages came to $64k. At year end it held assets of $1.0m against liabilities of $28, net assets of $1.0m. It reported 5 employees.