Neighborhealth Center Inc

Analysis

Neighborhealth Center Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 2013, 13 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 December 2023, Neighborhealth Center Inc reported income of $6.2m and spending of $8.2m, spending 132% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $452k to $6.2m (+1280%), an average of +69% a year. The sharpest change came in the year to December 2020, when income rose by 174%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Neighborhealth Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Wheat State Manor Inc ($6.2m), Society for Simulation in Healthcare ($6.2m) and Llano Regional Hospital ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $713k (8.6% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $4.7m against liabilities of $4.0m, net assets of $675k. It reported 100 employees.