Virtua Health Foundation Inc

Analysis

Virtua Health Foundation Inc is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in January 2003, 23 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, Virtua Health Foundation Inc reported income of $8.8m and spending of $13.0m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.5m to $8.8m (-7.2%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 176% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virtua Health Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Regenerative Research Foundation ($8.8m), Western Reserve Health Education Inc ($8.8m) and Phoenix Houses of Los Angeles Inc ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. It paid $185k in professional fundraising fees. At year end it held assets of $109.2m against liabilities of $82.6m, net assets of $26.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.