Greater New Bedford Community Health Center Inc

Analysis

Greater New Bedford Community Health Center Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in August 1979, 47 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Greater New Bedford Community Health Center Inc reported income of $37.7m and spending of $32.9m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.9m to $37.7m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2021, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater New Bedford Community Health Center Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Hackley Community Care Center Inc ($37.7m), West Coast Neonatology Inc ($37.7m) and Community Nursing Service ($37.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $1.1m (3.4% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $35.9m against liabilities of $6.1m, net assets of $29.8m. It reported 339 employees.