Martin & Edith Stein Hospice a NJ Nonprofit Corporation

Analysis

Martin & Edith Stein Hospice a NJ Nonprofit Corporation is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Martin & Edith Stein Hospice a NJ Nonprofit Corporation reported income of $4.7m and spending of $4.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $4.7m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Martin & Edith Stein Hospice a NJ Nonprofit Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Impact Life ($4.7m), Indiana Rural Health Association Inc ($4.7m) and Clinton and Hickman County Hospital Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $163k (3.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $826k against liabilities of $719k, net assets of $108k. It reported 45 employees.

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.