Mount Vernon Neighborhood Health Center Inc

Analysis

Mount Vernon Neighborhood Health Center Inc is a registered charity in United States, based in Mt Vernon, NY. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Mount Vernon Neighborhood Health Center Inc reported income of $47.0m and spending of $35.9m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.3m to $47.0m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mount Vernon Neighborhood Health Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Tiburcio Vasquez Health Center Inc ($47.0m), Indiana University Health Tipton Hospital Inc ($47.1m) and Driscoll Healthcare Services ($46.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $944k (2.6% of expenses). Other salaries and wages came to $18.7m. At year end it held assets of $43.6m against liabilities of $11.0m, net assets of $32.6m. It reported 370 employees.