Netcare Corporation

Analysis

Netcare Corporation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover mental health and crisis intervention, 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, Netcare Corporation reported income of $17.9m and spending of $17.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.2m to $17.9m (+4.0%), an average of +1.0% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Netcare Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Community Rehabilitation Services Inc ($17.9m), San Luis Valley Behavioral Health Group ($17.9m) and Academy Health ($17.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $576k (3.3% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $7.0m against liabilities of $2.4m, net assets of $4.6m. It reported 268 employees.