Northeast Business Group on Health Inc

Analysis

Northeast Business Group on Health Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northeast Business Group on Health Inc reported income of $2.3m and spending of $2.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.3m (-4.1%), an average of -1.1% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Business Group on Health Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Residential Inc ($2.3m), Theosophical Society in America ($2.3m) and Journey to New Life Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.2m (51% of expenses). Other salaries and wages came to $450k. At year end it held assets of $3.0m against liabilities of $1.5m, net assets of $1.5m. It reported 10 employees.