Depression Solutions Inc

Analysis

Depression Solutions Inc is a registered charity in United States, based in Lake Mary, FL. It received its IRS tax-exemption ruling in March 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 December 2023, Depression Solutions Inc reported income of $570k and spending of $176k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $320k to $570k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 26% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Depression Solutions Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Because of Bailey Inc ($570k), Asian Mental Health Collective ($570k) and Down Syndrome Foundation of Florida Inc ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $745k against liabilities of $666, net assets of $744k.