Mental Health Association Development Corporation

Analysis

Mental Health Association Development Corporation is a registered charity in United States, based in New Orleans, LA. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Mental Health Association Development Corporation reported income of $155k and spending of $183k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $127k to $155k (+22%), an average of +5.0% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mental Health Association Development Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within LA. Charities of a similar size with the same main cause include Home Repairs Ministries Inc ($155k), The Non-Profit Community Development Corporation of WSH DC ($155k) and Jewish Seniors Assisted Living Support Corporation ($155k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $41k. At year end it held assets of $683k against liabilities of $394k, net assets of $290k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.