Child Mind Institute Inc

Analysis

Child Mind Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Child Mind Institute Inc reported income of $15.2m and spending of $24.6m, spending 162% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $23.6m to $15.2m (-36%), an average of -8.5% a year. The sharpest change came in the year to December 2023, when income dropped by 84%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Child Mind Institute Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Haven Homes Inc ($15.2m), Potomac Highlands Mental Health Guild Inc ($15.2m) and Counseling Associates Inc ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $1.5m (6.1% of expenses). Other salaries and wages came to $5.7m. It paid $292k in professional fundraising fees. At year end it held assets of $165.1m against liabilities of $92.2m, net assets of $72.9m. It reported 251 employees.