Alcott Center for Mental Health Services

Analysis

Alcott Center for Mental Health Services is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in October 1979, 47 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, Alcott Center for Mental Health Services reported income of $13.4m and spending of $12.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $13.4m (+301%), an average of +42% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alcott Center for Mental Health Services sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Thistle Farms Inc ($13.4m), Boy Scouts of America ($13.4m) and Center for Autism ($13.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $354k (2.8% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $7.7m against liabilities of $2.9m, net assets of $4.8m. It reported 232 employees.