New Jersey Health Foundation Inc

Analysis

New Jersey Health Foundation Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover medical research, 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 June 2023, New Jersey Health Foundation Inc reported income of $12.5m and spending of $11.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $12.5m (+411%), an average of +50% a year. The sharpest change came in the year to June 2023, when income rose by 267%. Over the whole period it spent 227% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Jersey Health Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Discovery Institute for Addictive Disorders Inc ($12.4m), Bluegrass Primary Health Care Center Inc ($12.5m) and Kapiolani Health Foundation ($12.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $1.3m (11% of expenses). Other salaries and wages came to $724k. At year end it held assets of $210.7m against liabilities of $4.2m, net assets of $206.5m. It reported 10 employees.