Neighborhood Healthsource

Analysis

Neighborhood Healthsource is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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, Neighborhood Healthsource reported income of $8.7m and spending of $9.4m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $8.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Healthsource sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Vernon Advent Christian Home Inc ($8.7m), St Edmunds Academy ($8.7m) and National Lead for America Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $275k (2.9% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $8.2m against liabilities of $1.2m, net assets of $6.9m. It reported 121 employees.