Neighborhood Health Care Incorporated

Analysis

Neighborhood Health Care Incorporated is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1980, 46 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 June 2023, Neighborhood Health Care Incorporated reported income of $25.3m and spending of $24.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.6m to $25.3m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Neighborhood Health Care Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Community Hospitals and Wellness Centers ($25.3m), Holmes County Hospital Corp ($25.3m) and Bethesda Healthcare Inc ($25.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $777k (3.2% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $17.7m against liabilities of $8.1m, net assets of $9.6m. It reported 289 employees.