Portsmouth Community Health Center Inc

Analysis

Portsmouth Community Health Center Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in June 1994, 32 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 June 2023, Portsmouth Community Health Center Inc reported income of $16.1m and spending of $13.7m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $16.1m (+64%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portsmouth Community Health Center Inc sits at the 97th percentile: it is larger than about 97% 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 Southeast Bronx Neighborhood Centers Inc ($16.1m), Blind Center of Nevada Inc ($16.1m) and Faculty Practice Foundation Inc ($16.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $437k (3.2% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $23.7m against liabilities of $17.6m, net assets of $6.1m. It reported 160 employees.