(4-19-22) Mental Health America saw its gross receipts jump by $3 million during 2020. In total, it received $8.2 million in gross receipts, according to its IRS Form 990, as reported by Guidestar. In 2019, it received $5.1 million.
I’ve already reported that the National Alliance on Mental Illness had a $5.6 million jump in its donations/receipts during 2020. Overall, it received an impressive $27.5 million.
Increases in donations to both are being credited to public awareness of mental illnesses during COVID.
NAMI and MHA are generally regarded as the nation’s two best-known grassroots, mental health nonprofits. NAMI began as a parent run organization largely focused on schizophrenia. It now brands itself as the nation’s voice for all mental disorders and those families and individuals who are living with mental illnesses. MHA was created by former mental hospital patients and continues to be the voice of those with lived experiences.
NAMI listed net assets of $25.7 million during 2020 after deducting expenses. MHA’s net worth as a nonprofit was considerably less – $9 million.
Despite its much smaller balance sheet, MHA paid its President/CEO a higher compensation package in 2020 than NAMI paid its leader. Outgoing MHA CEO Paul Gionfriddo received $271,089 in salary, collected a $10,000 bonus, and ended up with a total compensation package of $295,271. By comparison, NAMI’s CEO, Daniel Gillison received $265,046 – or roughly $30,000 less than Gionfriddo.
MHA also hired Mary Giliberti, after she abruptly left her job as NAMI CEO in 2019. MHA paid her a compensation package worth $244,178 – only a tad bit lower than the $257,392 compensation that she’d received when she was NAMI’s top executive.