Norfolk Community Health Center Inc

Analysis

Norfolk Community Health Center Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in August 2020, 6 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 February 2023, Norfolk Community Health Center Inc reported income of $464k and spending of $539k, spending 116% of what it took in. Across the 6 years on record, from February 2018 to February 2023, income fell from $553k to $464k (-16%), an average of -3.4% a year. The sharpest change came in the year to February 2023, when income dropped by 33%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Norfolk Community Health Center Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Tufts Medical Center Parent Inc ($464k), C S Gonstead Chiropractic Foundation Inc ($464k) and Foundation for Ucp of Greater Sacramento ($464k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). Other salaries and wages came to $191k. At year end it held assets of $207k against liabilities of $272k, net assets of -$65k. It reported 9 employees.