New Hanover Community Health Center Inc

Analysis

New Hanover Community Health Center Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in July 1992, 34 years ago. 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 June 2023, New Hanover Community Health Center Inc reported income of $17.0m and spending of $14.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $17.0m (+132%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 65%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hanover 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 NC. Charities of a similar size with the same main cause include Seven Hills School ($17.0m), Capital Area Soccer League Inc ($17.0m) and Pennsylvania Assoc of Community Health Centers ($17.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $920k (6.2% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $11.8m against liabilities of $1.1m, net assets of $10.7m. It reported 120 employees.