Baptist Home Society of New Jersey

Analysis

Baptist Home Society of New Jersey is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in February 1942, 84 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Baptist Home Society of New Jersey reported income of $7.0m and spending of $6.7m, spending 96% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $6.2m to $7.0m (+13%), an average of +3.1% a year. The sharpest change came in the year to March 2022, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Home Society of New Jersey sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Fredericksburg Area Regional Health Council Inc ($7.0m), Honor Ehg Inc ($7.0m) and Ritchie County Primary Care Assoc Inc ($6.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 1.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $189k (2.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $16.5m against liabilities of $3.8m, net assets of $12.7m. It reported 113 employees.