Neighborhealth Corporation

Analysis

Neighborhealth Corporation is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in February 1975, 51 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 September 2023, Neighborhealth Corporation reported income of $250.6m and spending of $241.7m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $156.8m to $250.6m (+60%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Neighborhealth Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Memorial Hospital-West Volusia Inc ($250.4m), Carle Bromenn Medical Center ($250.6m) and St Luke S Hospital- Grand View Campus ($250.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.6m (0.7% of expenses). Other salaries and wages came to $104.1m. At year end it held assets of $179.2m against liabilities of $60.0m, net assets of $119.2m. It reported 1,515 employees.