Mental Health Institute of New Jersey

Analysis

Mental Health Institute of New Jersey is a registered charity in United States, based in Franklin LKS, NJ. It received its IRS tax-exemption ruling in October 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Mental Health Institute of New Jersey reported income of $326k and spending of $218k, leaving 33% of income unspent that year. Across the 2 years on record, from October 2022 to October 2023, income grew from $243k to $326k (+34%), an average of +34% a year. The sharpest change came in the year to October 2023, when income rose by 34%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mental Health Institute of New Jersey sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Neighborhood League Shops Foundation Inc ($326k), Life Challenge International ($326k) and Adirondack Samaritan Counseling Center Inc ($326k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $305k against liabilities of $29k, net assets of $276k.