
Graphic courtesy of pinclipart
(4-11-22) When it comes to fund raising, the National Alliance on Mental Illness continues to financially dominate its rivals. It raises millions more and spends more. It had an extremely lucrative year in 2020 generating $5.6 million more in gross receipts than it had during 2019. (The most recent IRS Form 990s on file are from 2020, according to Guidestar, which posts them free of charge.)
The Arlington-based group’s tax forms show that NAMI’s total gross receipts (money it brought in) totaled $27.5 million compared to $21.9 million during the previous year.
Now, let’s look at NAMI’s total assets.
NAMI’s total assets ballooned from $19.4 million to a whooping $39.8 million – almost doubling in 2020. (Part of this increase was because NAMI was required to make an accounting change in 2020 that required it to value its lease on its new Arlington headquarters. It also received a PPP loan in 2020 from the federal government worth $1.5 million, which was a one time shot in its financial arm.) When you include those factors and deduct NAMI’s yearly expenses (liabilities of $14.1 million), NAMI ended 2020 with total assets of $25.7 million on its books.
What do these two sets of numbers mean? Simply put, NAMI brought in $5.6 million more in revenue (donations, fees, etc.) in 2020 and its overall worth as a non-profit organization increased by $8.3 million.







