Peninsula Institute for Community Health Inc

Analysis

Peninsula Institute for Community Health Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in January 1979, 47 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 December 2023, Peninsula Institute for Community Health Inc reported income of $17.5m and spending of $16.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.5m to $17.5m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Peninsula Institute for Community Health Inc 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 VA. Charities of a similar size with the same main cause include Universal Community Health Center ($17.5m), Sheridan Community Hospital ($17.5m) and One Step Beyond Inc ($17.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $846k (5.1% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $16.1m against liabilities of $1.8m, net assets of $14.3m. It reported 200 employees.