Neighborhood Health Center of Wny Inc

Analysis

Neighborhood Health Center of Wny Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 1987, 39 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 December 2023, Neighborhood Health Center of Wny Inc reported income of $55.7m and spending of $48.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.0m to $55.7m (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Health Center of Wny Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Carolina Family Health Centers Inc ($55.5m), Kitsap Mental Health Service ($55.7m) and Dominican University New York ($55.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.1m (2.2% of expenses). Other salaries and wages came to $23.6m. At year end it held assets of $40.4m against liabilities of $15.6m, net assets of $24.8m. It reported 458 employees.