National Mental Health Corps Inc
National Mental Health Corps Inc shows strong revenue growth and zero reported officer compensation over a decade.
EIN: 10648561 · Newtown, CT · NTEE: B60 · Updated: 2026-03-27
Is National Mental Health Corps Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Mental Health Corps Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Mental Health Corps Inc
National Mental Health Corps Inc (EIN: 10648561) is a nonprofit organization based in Newtown, CT, classified under NTEE code B60. The organization reported total revenue of $3.7M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Mental Health Corps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Mental Health Corps Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$568K |
| Total Assets | $1.1M |
| Total Liabilities | $127K |
| Net Assets | $994K |
| Operating Margin | 19.4% |
| Debt-to-Asset Ratio | 11.3% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2023, National Mental Health Corps Inc reported a surplus of $568K with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 11.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Mental Health Corps Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +139.6% | +78.9% | +100.8% |
| 2022 | -11.8% | +15.5% | -22.6% |
| 2021 | +26.1% | +0.5% | +29.6% |
| 2020 | +9.2% | +14.3% | +22.1% |
| 2019 | +19.8% | +13.2% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 National Mental Health Corps Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, National Mental Health Corps Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $568K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with latest revenue of $3,650,920. This suggests a strong commitment to directing funds towards programmatic activities.
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 National Mental Health Corps Inc's IRS 990 filings:
- Unusually low administrative and fundraising expenses (5% each) given the 0% officer compensation, which might suggest some operational costs are categorized differently or that the organization relies heavily on volunteers for these functions, which isn't explicitly detailed in the provided data.
Strengths
The following positive indicators were identified for National Mental Health Corps Inc:
- Strong and consistent revenue growth over the past decade, from $887,695 in 2014 to $3,650,920 currently.
- Zero reported officer compensation across all 13 filings, indicating high efficiency and dedication to mission.
- Healthy asset growth, from $396,870 in 2014 to $1,583,931 currently, demonstrating financial stability.
- Consistent management of expenses below revenue in most recent periods, leading to positive net income.
- Low liabilities relative to assets, indicating a strong balance sheet.
Frequently Asked Questions about National Mental Health Corps Inc
Is National Mental Health Corps Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, National Mental Health Corps Inc (EIN: 10648561) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does National Mental Health Corps Inc spend its money?
National Mental Health Corps Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Mental Health Corps Inc tax-deductible?
National Mental Health Corps Inc is registered as a tax-exempt nonprofit (EIN: 10648561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is National Mental Health Corps Inc a good charity?
Based on the provided data, National Mental Health Corps Inc appears to be a very good charity. It demonstrates strong financial growth, consistently manages expenses, and reports 0% officer compensation, indicating a high dedication to its mission.
How has the organization's revenue changed over time?
The organization has experienced substantial revenue growth, increasing from $887,695 in 2014 to $2,924,494 in 2023, with the latest reported revenue at $3,650,920. This represents a significant upward trend.
What is the organization's approach to executive compensation?
National Mental Health Corps Inc consistently reports 0% officer compensation across all 13 available filings, indicating that no salaries are paid to its officers. This is a highly positive indicator of financial stewardship.
Are the organization's assets growing?
Yes, the organization's assets have shown consistent growth, increasing from $396,870 in 2014 to $1,121,166 in 2023, and currently standing at $1,583,931. This indicates financial stability and capacity building.
Filing History
IRS 990 filing history for National Mental Health Corps Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Mental Health Corps Inc's revenue has grown by 373.3%, moving from $618K to $2.9M. Total assets increased by 259% over the same period, from $312K to $1.1M. Total functional expenses rose by 278.7%, from $622K to $2.4M. In its most recent filing year (2023), National Mental Health Corps Inc reported a surplus of $568K, with revenue exceeding expenses. The organization holds $127K in liabilities against $1.1M in assets (debt-to-asset ratio: 11.3%), resulting in net assets of $994K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.4M | $1.1M | $127K | — | View 990 |
| 2022 | $1.2M | $1.3M | $558K | $132K | — | — |
| 2021 | $1.4M | $1.1M | $722K | $182K | — | View 990 |
| 2020 | $1.1M | $1.1M | $557K | $261K | — | View 990 |
| 2019 | $1.0M | $992K | $456K | $124K | — | View 990 |
| 2018 | $839K | $876K | $404K | $85K | — | View 990 |
| 2017 | $913K | $907K | $414K | $57K | — | View 990 |
| 2016 | $793K | $786K | $372K | $22K | — | View 990 |
| 2015 | $805K | $848K | $375K | $31K | — | View 990 |
| 2014 | $888K | $820K | $397K | $11K | — | View 990 |
| 2013 | $570K | $567K | $329K | $10K | — | View 990 |
| 2012 | $580K | $550K | $329K | $14K | — | View 990 |
| 2011 | $618K | $622K | $312K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.4M, and assets of $1.1M (revenue +139.6% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.3M, and assets of $558K (revenue -11.8% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.1M, and assets of $722K (revenue +26.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $557K (revenue +9.2% year-over-year).
- 2019: Revenue of $1.0M, expenses of $992K, and assets of $456K (revenue +19.8% year-over-year).
- 2018: Revenue of $839K, expenses of $876K, and assets of $404K (revenue -8.0% year-over-year).
- 2017: Revenue of $913K, expenses of $907K, and assets of $414K (revenue +15.1% year-over-year).
- 2016: Revenue of $793K, expenses of $786K, and assets of $372K (revenue -1.5% year-over-year).
- 2015: Revenue of $805K, expenses of $848K, and assets of $375K (revenue -9.3% year-over-year).
- 2014: Revenue of $888K, expenses of $820K, and assets of $397K (revenue +55.6% year-over-year).
- 2013: Revenue of $570K, expenses of $567K, and assets of $329K (revenue -1.6% year-over-year).
- 2012: Revenue of $580K, expenses of $550K, and assets of $329K (revenue -6.2% year-over-year).
- 2011: Revenue of $618K, expenses of $622K, and assets of $312K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Mental Health Corps Inc:
Data Sources and Methodology
This transparency report for National Mental Health Corps Inc 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.