Neighborhood Healthcare

Analysis

Neighborhood Healthcare is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in July 1973, 53 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 2024, Neighborhood Healthcare reported income of $225.4m and spending of $196.3m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $101.8m to $225.4m (+121%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Healthcare sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Tower Health Medical Group ($225.3m), Lipscomb University ($228.2m) and Main Line Services ($224.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.7% and program service revenue 89% of the total. Other salaries and wages came to $105.3m. It paid $47k in professional fundraising fees. At year end it held assets of $235.2m against liabilities of $62.1m, net assets of $173.0m. It reported 1,459 employees.