Charity Search / NEIGHBORHOOD HEALTHSOURCE
Uncategorized IRS Verified DX Registered 990 on File

NEIGHBORHOOD HEALTHSOURCE

EIN: 41-1235064 · MINNEAPOLIS, MN 55412-2405 · United States · FY 2024 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 82/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Mission Statement

It is the mission of Neighborhood HealthSource to improve the health of our communities by providing quality health care services that are affordable and accessible since 1971. In 2011, NHS provided more than 25,400 health care visits, with two fifths of our patients having no health insurance. That means last year alone, NHS provided more than $2.5 million of subsidized care to individuals in need. For uninsured people, we determine charges by a sliding fee scale based on income and household size. We recognize that non-medical factors often impact the health of individuals and families: those who live in poverty often lack decent housing and adequate education; these factors frequently contribute to health problems. We believe that health education is an important tool in improving the well being of our patients and of the communities we serve. We continually look for opportunities to increase and improve the range of services for our patients, such as mobile mammography, nutrition and exercise classes, physical therapy, rapid HIV testing, STI screening and more.

Financial Overview — FY 2024
$9.2M
Total Revenue
$10.4M
Total Expenses
$5.8M
Net Assets
136
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 75.7%
Fundraising Efficiency 1555.0%
Operating Reserve 6.66x
Liability-to-Asset 19.9%
Revenue Diversification 55.1%
Executive Compensation $413K
Compared with Peers
Peer comparison is not available for this organization.
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $9.2M $10.4M $5.8M 75.7% 136
2023 $8.7M $9.4M $6.9M 76.9% 121
2022 $10.0M $8.9M $7.6M 75.5% 118
2021 $9.3M $7.9M $6.5M 74.4% 104
2020 $7.6M $7.2M $5.2M 70.3% 91
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Organization Details
EIN
41-1235064
State
MN
City
MINNEAPOLIS
ZIP
55412-2405
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1971
Foundation Code
15
Form 990
On File
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