Neomed Center
Also known as Neomed Center Inc.
Neomed Center reported $88.2 million in revenue and $90.5 million in expenses for the fiscal year ending June 30, 2024. Of every $100 it spent, $85.18 went to program services, $0.00 to management and general costs and $14.82 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 86.4% of the total. Government grants made up 13.1%. The highest compensation it reported for one person was $315,427 (Chief Executive Office). 4 people received more than $100,000 in reportable compensation. Revenue rose 90% between FY2020 and FY2024. Source: Form 990, FY2024.
Where $100 of spending went
The fiscal year ending June 30, 2024 · Form 990, Part IX, line 25 · total expenses $90MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2024 · Form 990, Part VIII · total revenue $88MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.2% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 14.8% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $1.16 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 13.1% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 13.1% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 86.4% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $315,427 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.35% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 4 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.6 | 6.8 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Chief Executive Office Officer, 40.00 hrs/week | $315,427 | $0 | $0 | $315,427 |
| General Physician Highest compensated employee, 40.00 hrs/week | $274,000 | $0 | $0 | $274,000 |
| Chief Medical Officer Key employee, 40.00 hrs/week | $179,880 | $0 | $0 | $179,880 |
| Chief Financial Office Officer, 40.00 hrs/week | $161,090 | $0 | $0 | $161,090 |
| President Director/trustee, 9.000 hrs/week | $0 | $0 | $2,830 | $2,830 |
| Treasurer Director/trustee, 9.000 hrs/week | $0 | $0 | $1,846 | $1,846 |
| Secretary Director/trustee, 9.000 hrs/week | $0 | $0 | $1,744 | $1,744 |
| Director Director/trustee, 9.000 hrs/week | $0 | $0 | $1,358 | $1,358 |
4 people received more than $100,000 in reportable compensation from Neomed Center (Part VII, line 2).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5381
Largest outside contractors
FY2024 · Form 990, Part VII, Section B · businesses only| Securitas Security Service Security | $932,835 |
| North Janitorial Maintenance | $756,862 |
| HBN PROFESSIONAL STAFFING Staffing | $503,987 |
| Laboratorio Clinico Toledo Reference Laboratory | $382,592 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Neomed Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Neomed Center, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Neomed Center spent in FY2024, $85.18 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Noaids Task ForceNew Orleans, LA · revenue $88M · programs 91.1% · FY2025
- The Providence Community Health CentersProvidence, RI · revenue $89M · programs 79.4% · 2024
- DiakonTopton, PA · revenue $88M · programs 95.0% · 2024
- Odd Fellows Home of CaliforniaSaratoga, CA · revenue $89M · programs 83.5% · FY2026
- Chi St Vincent Medical Group Hot SpringsPhoenix, AZ · revenue $88M · programs 90.7% · FY2025
All unclassified charities · Largest charities in Puerto Rico
Questions people ask
How much of Neomed Center's spending goes to programs?
In the fiscal year ending June 30, 2024, Neomed Center reported that 85.2% of its $90.5 million in expenses went to program services, 0.0% to management and general and 14.8% to fundraising (Form 990, Part IX).
How much does Neomed Center pay its top executive?
The largest total compensation Neomed Center reported for one person in the fiscal year ending June 30, 2024 was $315,427, for the role of Chief Executive Office (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Neomed Center get its money?
Of $88.2 million in revenue in the fiscal year ending June 30, 2024, 13.1% came from contributions and grants (including 13.1% from government grants) and 86.4% from program service revenue (Form 990, Part VIII).
Is Neomed Center a registered charity?
The IRS lists EIN 66-0485440 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521339349303447 · read the filing · XML
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441349349307129 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349300644 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202222799349300807 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349305951 · read the filing
All filings for EIN 66-0485440: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.