Bergen Volunteer Medical Initiative Inc

Analysis

Bergen Volunteer Medical Initiative Inc is a registered charity in United States, based in Haskensack, NJ. It received its IRS tax-exemption ruling in August 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 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, Bergen Volunteer Medical Initiative Inc reported income of $2.6m and spending of $3.0m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.6m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bergen Volunteer Medical Initiative Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include St Charles Foundation Inc ($2.6m), Georgia Mountains Hospice Inc ($2.6m) and Minnesota Association for Childrens Mental Health ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $134k (4.5% of expenses). Other salaries and wages came to $1.7m. It paid $100k in professional fundraising fees. At year end it held assets of $4.5m against liabilities of $2.0m, net assets of $2.6m. It reported 42 employees.