Kitsap Mental Health Service

Analysis

Kitsap Mental Health Service is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in October 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 2023, Kitsap Mental Health Service reported income of $55.7m and spending of $52.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.7m to $55.7m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kitsap Mental Health Service sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Neighborhood Health Center of Wny Inc ($55.7m), Volunteers of America Inc ($55.9m) and Carolina Family Health Centers Inc ($55.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $1.0m (1.9% of expenses). Other salaries and wages came to $31.5m. It paid $27k in professional fundraising fees. At year end it held assets of $63.5m against liabilities of $5.9m, net assets of $57.5m. It reported 688 employees.