Positive Health Care Inc

Analysis

Positive Health Care Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in March 1992, 34 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, Positive Health Care Inc reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 123% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Positive Health Care Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Vit-Buckle Society Inc ($1.5m), Khesed Wellness a Colorado Nonprofit Corporation ($1.5m) and Little Smiles Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $361k. At year end it held assets of $2.6m against liabilities of $2.4m, net assets of $200k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.