Mental Health Collaborative Inc

Analysis

Mental Health Collaborative Inc is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in July 2019, 7 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 June 2024, Mental Health Collaborative Inc reported income of $523k and spending of $422k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5,988 to $523k (+8642%), an average of +206% a year. The sharpest change came in the year to June 2021, when income rose by 2632%. Over the whole period it spent 97% 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 Collaborative Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Nextstep Orlando Inc ($523k), Fox Valley Lions Medical Equipment Locker Inc ($524k) and Crisis Pregnancy Center of Eastern Illinois ($523k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $190k (45% of expenses). Other salaries and wages came to $100k. At year end it held assets of $1.1m against liabilities of $27k, net assets of $1.1m. It reported 14 employees.