Foundation for Mental Health and Mental Retardation Permian Basin

Analysis

Foundation for Mental Health and Mental Retardation Permian Basin is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in August 1978, 48 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 June 2024, Foundation for Mental Health and Mental Retardation Permian Basin reported income of $482k and spending of $168k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $547k to $482k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 35% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Mental Health and Mental Retardation Permian Basin 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 74th percentile within TX. Charities of a similar size with the same main cause include Transitions Inc ($482k), Wyoming House Inc ($482k) and Sacramento District Dental Foundation ($482k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 39% of the total. At year end it held assets of $7.9m against liabilities of $1,146, net assets of $7.9m.