Is Mental Health Association Of Monmouth County Inc Legit?

Quick charity verification for Mental Health Association Of Monmouth County Inc (EIN: 210665639)

Verdict: Mental Health Association Of Monmouth County Inc appears trustworthy

85/100Mission Score

$3.1MRevenue

$977KAssets

1Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which is unusual for an organization of this size and could warrant further investigation into compensation practices.

Strengths

Strong program spending ratio, consistently dedicating a high percentage of expenses to direct services (e.g., $2,825,000 in program services out of $3,766,693 total expenses in 202312).
Consistent revenue growth, increasing from $2,776,385 in 201912 to $3,729,914 in 202312.
Significant asset growth, with assets increasing from $370,108 in 201912 to $1,174,345 in 202312, indicating increasing financial capacity.
Stable financial history with 13 filings, demonstrating consistent operation and reporting.

Spending Breakdown

How Mental Health Association Of Monmouth County Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Mental Health Association Of Monmouth County Inc

Is Mental Health Association Of Monmouth County Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Mental Health Association Of Monmouth County Inc (EIN: 210665639) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Mental Health Association Of Monmouth County Inc a good charity to donate to?

Mental Health Association Of Monmouth County Inc has a Mission Score of 85/100. Revenue: $3.1M. Assets: $977K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mental Health Association Of Monmouth County Inc?

The Employer Identification Number (EIN) for Mental Health Association Of Monmouth County Inc is 210665639. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Mental Health Association Of Monmouth County Inc spend its money?

Mental Health Association Of Monmouth County Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mental Health Association Of Monmouth County Inc's tax-exempt status?

You can verify Mental Health Association Of Monmouth County Inc's tax-exempt status using EIN 210665639 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Mental Health Association Of Monmouth County Inc demonstrates a consistent commitment to its mission, with program spending typically accounting for a significant majority of its expenses. For instance, in the 202312 period, program service expenses were $2,825,000 out of total expenses of $3,766,693, indicating a strong focus on direct services. The organization has shown growth in revenue and assets over the past few years, with revenue increasing from $2,776,385 in 201912 to $3,729,914 in 202312, and assets growing from $370,108 to $1,174,345 in the same period. This growth suggests increasing capacity and reach.

Financially, the organization appears stable, though it has experienced periods where expenses slightly exceeded revenue, such as in 202312 (expenses of $3,766,693 vs. revenue of $3,729,914) and 202112 (expenses of $2,988,929 vs. revenue of $2,951,162). However, these deficits are generally minor and do not indicate significant financial distress, especially given the overall asset growth. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial transparency and efficiency, suggesting that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, or that the organization has a unique compensation structure.

Overall, the Mental Health Association Of Monmouth County Inc appears to be a financially sound organization with a strong dedication to its program services. Its consistent growth in revenue and assets, coupled with a high proportion of program spending and the reported absence of officer compensation, points to an efficient and mission-driven operation. The organization's financial health seems robust enough to support its ongoing mental health initiatives in Monmouth County.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.