Mental Health Programs Inc V
Mental Health Programs Inc: Consistent Revenue, Declining Assets, and High Administrative Costs
EIN: 223064125 · Newton, MA · NTEE: F30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $221K |
| Program Spending | 40% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-712,247 |
| Transparency Score | 70/100 |
Is Mental Health Programs Inc V Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mental Health Programs Inc V directs 40% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Mental Health Programs Inc V
Mental Health Programs Inc V (EIN: 223064125) is a nonprofit organization based in Newton, MA, classified under NTEE code F30Z. The organization reported total revenue of $240K and total assets of $418K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mental Health Programs Inc V's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mental Health Programs Inc V is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $236K |
| Total Expenses | $221K |
| Surplus / Deficit | +$15K |
| Total Assets | $470K |
| Total Liabilities | $1.2M |
| Net Assets | $-712,247 |
| Operating Margin | 6.4% |
| Debt-to-Asset Ratio | 251.6% |
| Months of Reserves | 25.5 months |
Financial Health Grade: A
In 2024, Mental Health Programs Inc V reported a surplus of $15K with revenue exceeding expenses, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 251.6% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Mental Health Programs Inc V's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.8% | -1.5% | -0.9% |
| 2023 | -1.3% | +0.7% | -5.6% |
| 2022 | +4.8% | +1.6% | -5.3% |
| 2021 | -1.4% | -7.2% | -4.5% |
| 2020 | -2.5% | -10.4% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mental Health Programs Inc V with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 40%
- fundraising: 10%
According to IRS 990 filings, Mental Health Programs Inc V allocates its expenses as follows: admin: 50%, programs: 40%, fundraising: 10%. Only 40% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 251.6%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with consistent operations and may warrant further investigation into how leadership is compensated or if services are entirely volunteer-driven.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mental Health Programs Inc V's IRS 990 filings:
- Consistent reporting of $0 executive compensation raises questions about the true cost of leadership and potential underreporting.
- Total assets have steadily declined from $648,520 in 2017 to $418,342 in 2024, suggesting potential financial instability or asset depletion.
- Expenses consistently exceed revenue, indicating a recurring operational deficit, for example, $220,794 in expenses vs. $235,852 in revenue in 2024.
- The organization's liabilities have remained consistently high, around $1.2 million, while assets have decreased, worsening the debt-to-asset ratio.
Strengths
The following positive indicators were identified for Mental Health Programs Inc V:
- The organization has maintained a consistent level of revenue over the past several years, demonstrating a stable funding base.
- Long operational history, with filings dating back to 2017, suggests established programs and community presence.
Frequently Asked Questions about Mental Health Programs Inc V
Is Mental Health Programs Inc V a legitimate charity?
Based on AI analysis of IRS 990 filings, Mental Health Programs Inc V (EIN: 223064125) some concerns. Mission Score: 70/100. 4 red flags identified, 2 strengths noted.
How does Mental Health Programs Inc V spend its money?
Mental Health Programs Inc V directs 40% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mental Health Programs Inc V tax-deductible?
Mental Health Programs Inc V is registered as a tax-exempt nonprofit (EIN: 223064125). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mental Health Programs Inc V CEO make?
Mental Health Programs Inc V's highest-compensated officer earns $0 annually. The organization reported $240K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mental Health Programs Inc V's spending goes to programs?
Mental Health Programs Inc V directs 40% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Mental Health Programs Inc V compare to similar nonprofits?
With a transparency score of 70/100 (Good), Mental Health Programs Inc V is above average for NTEE category F30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mental Health Programs Inc V located?
Mental Health Programs Inc V is headquartered in Newton, Massachusetts and files with the IRS under EIN 223064125. It is classified under NTEE code F30Z.
How many years of IRS 990 filings does Mental Health Programs Inc V have?
Mental Health Programs Inc V has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $240K in total revenue.
What does Mental Health Programs Inc V do?
Mental Health Programs Inc V is a nonprofit organization in the Mental Health & Crisis Intervention sector, located in Newton, Massachusetts. It is classified under NTEE code F30Z.
How much revenue does Mental Health Programs Inc V have?
Mental Health Programs Inc V reported total revenue of $240,219. Based on 13 IRS 990 filings on record.
What are Mental Health Programs Inc V's total assets?
Mental Health Programs Inc V holds total assets of $418,342 as reported in IRS 990 filings.
Where is Mental Health Programs Inc V located?
Mental Health Programs Inc V is based in Newton, Massachusetts.
What is Mental Health Programs Inc V's EIN?
Mental Health Programs Inc V's Employer Identification Number (EIN) is 223064125. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mental Health Programs Inc V?
Mental Health Programs Inc V is classified under NTEE code F30Z (Mental Health & Crisis Intervention).
Is Mental Health Programs Inc V a registered 501(c)(3)?
Yes, Mental Health Programs Inc V is recognized as a tax-exempt organization by the IRS. EIN: 223064125.
Does Mental Health Programs Inc V file IRS Form 990?
Yes, Mental Health Programs Inc V has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Mental Health Programs Inc V's revenue in 2024?
In the 202406 filing period, Mental Health Programs Inc V reported total revenue of $235,852, total expenses of $220,794, and net assets of $469,912.
Is Mental Health Programs Inc V's revenue growing or declining?
Mental Health Programs Inc V's revenue is growing. Revenue went from $203,669 (202306) to $235,852 (202406), a +15.8% change. Based on 13 filings on record.
What is Mental Health Programs Inc V's most recent 990 filing?
The most recent IRS Form 990 filing for Mental Health Programs Inc V covers tax period 202406. It shows revenue of $235,852, expenses of $220,794, total assets of $469,912, and liabilities of $1,182,159.
How much does Mental Health Programs Inc V spend on programs vs administration?
Based on IRS 990 analysis, Mental Health Programs Inc V allocates approximately 40% of expenses to program services, 50% to administrative costs, and 10% to fundraising. Overhead costs appear high relative to program spending.
Is Mental Health Programs Inc V a trustworthy charity?
Based on AI analysis of IRS 990 data, Mental Health Programs Inc V appears trustworthy. Mission Score: 70/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Mental Health Programs Inc V?
The following concerns were identified: Consistent reporting of $0 executive compensation raises questions about the true cost of leadership and potential underreporting.. Total assets have steadily declined from $648,520 in 2017 to $418,342 in 2024, suggesting potential financial instability or asset depletion.. Expenses consistently exceed revenue, indicating a recurring operational deficit, for example, $220,794 in expenses vs. $235,852 in revenue in 2024.. The organization's liabilities have remained consistently high, around $1.2 million, while assets have decreased, worsening the debt-to-asset ratio.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mental Health Programs Inc V's strengths?
Positive indicators for Mental Health Programs Inc V include: The organization has maintained a consistent level of revenue over the past several years, demonstrating a stable funding base.. Long operational history, with filings dating back to 2017, suggests established programs and community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Mental Health Programs Inc V compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with consistent operations and may warrant further investigation into how leadership is compensated or if services are entirely volunteer-driven. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the organization sustain its leadership and operational oversight, and what is the actual cost of administrative functions?
The consistent reporting of $0 executive compensation suggests either a fully volunteer-led executive team or that compensation is being reported under a different category, potentially inflating administrative or program expenses. Without further detail, the true cost of leadership remains unclear.
What is driving the consistent decline in total assets and the recurring operational deficits, and what strategies are in place to reverse these trends?
The data indicates that expenses consistently outpace revenue (e.g., $220,794 expenses vs. $235,852 revenue in 2024), leading to a gradual depletion of assets. This trend suggests a need for either increased fundraising efforts or a re-evaluation of operational costs to achieve financial sustainability.
Filing History
IRS 990 filing history for Mental Health Programs Inc V showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Mental Health Programs Inc V's revenue has grown by 10.7%, moving from $213K to $236K. Total assets decreased by 33% over the same period, from $701K to $470K. Total functional expenses fell by 4.7%, from $232K to $221K. In its most recent filing year (2024), Mental Health Programs Inc V reported a surplus of $15K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $470K in assets (debt-to-asset ratio: 251.6%), resulting in net assets of $-712,247.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $236K | $221K | $470K | $1.2M | — | — |
| 2023 | $204K | $224K | $474K | $1.2M | — | View 990 |
| 2022 | $206K | $223K | $502K | $1.2M | — | View 990 |
| 2021 | $197K | $219K | $530K | $1.2M | — | View 990 |
| 2020 | $200K | $236K | $555K | $1.2M | — | View 990 |
| 2019 | $205K | $264K | $591K | $1.2M | — | View 990 |
| 2018 | $205K | $221K | $581K | $1.2M | — | View 990 |
| 2017 | $207K | $222K | $649K | $1.2M | — | View 990 |
| 2016 | $204K | $222K | $655K | $1.2M | — | View 990 |
| 2015 | $212K | $227K | $656K | $1.2M | — | View 990 |
| 2014 | $209K | $220K | $678K | $1.2M | — | View 990 |
| 2013 | $208K | $239K | $692K | $1.2M | — | View 990 |
| 2012 | $213K | $232K | $701K | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $236K, expenses of $221K, and assets of $470K (revenue +15.8% year-over-year).
- 2023: Revenue of $204K, expenses of $224K, and assets of $474K (revenue -1.3% year-over-year).
- 2022: Revenue of $206K, expenses of $223K, and assets of $502K (revenue +4.8% year-over-year).
- 2021: Revenue of $197K, expenses of $219K, and assets of $530K (revenue -1.4% year-over-year).
- 2020: Revenue of $200K, expenses of $236K, and assets of $555K (revenue -2.5% year-over-year).
- 2019: Revenue of $205K, expenses of $264K, and assets of $591K (revenue +0.0% year-over-year).
- 2018: Revenue of $205K, expenses of $221K, and assets of $581K (revenue -1.3% year-over-year).
- 2017: Revenue of $207K, expenses of $222K, and assets of $649K (revenue +1.8% year-over-year).
- 2016: Revenue of $204K, expenses of $222K, and assets of $655K (revenue -4.1% year-over-year).
- 2015: Revenue of $212K, expenses of $227K, and assets of $656K (revenue +1.6% year-over-year).
- 2014: Revenue of $209K, expenses of $220K, and assets of $678K (revenue +0.6% year-over-year).
- 2013: Revenue of $208K, expenses of $239K, and assets of $692K (revenue -2.4% year-over-year).
- 2012: Revenue of $213K, expenses of $232K, and assets of $701K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mental Health Programs Inc V:
Data Sources and Methodology
This transparency report for Mental Health Programs Inc V is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.