Advance Community Health Inc

Analysis

Advance Community Health Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Advance Community Health Inc reported income of $25.2m and spending of $20.4m, spending 81% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $17.2m to $25.2m (+46%), an average of +10% a year. The sharpest change came in the year to March 2021, when income rose by 34%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advance Community Health Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Foundation for Innovation and Life Inc ($25.2m), John Hopkins Home Health ($25.2m) and Community Health Care Center Incorporated ($25.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $1.2m (5.7% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $23.8m against liabilities of $8.9m, net assets of $14.9m. It reported 245 employees.