Neighborcare Health

Analysis

Neighborcare Health is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1978, 48 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, Neighborcare Health reported income of $97.9m and spending of $96.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $81.7m to $97.9m (+20%), an average of +4.6% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Neighborcare Health sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Lifeskills Inc ($97.9m), Benefis Medical Group Inc ($98.1m) and Virginia Garcia Memorial Health Center ($97.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $2.3m (2.4% of expenses). Other salaries and wages came to $49.2m. At year end it held assets of $89.8m against liabilities of $23.2m, net assets of $66.5m. It reported 893 employees.