Newark Community Health Centers Inc

Analysis

Newark Community Health Centers Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Newark Community Health Centers Inc reported income of $39.8m and spending of $39.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.8m to $39.8m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Newark Community Health Centers Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include LA Paz Regional Hospital ($39.8m), M a C T Health Board Incorporated ($39.8m) and Covenant Hospital Hobbs ($39.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $1.1m (2.7% of expenses). Other salaries and wages came to $18.3m. At year end it held assets of $42.5m against liabilities of $17.5m, net assets of $25.0m. It reported 457 employees.