Centerpath Wellness Inc

Analysis

Centerpath Wellness Inc is a registered charity in United States, based in Jamesburg, NJ. It received its IRS tax-exemption ruling in July 1958, 68 years ago. Its declared purposes cover mental health and crisis intervention, 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 August 2023, Centerpath Wellness Inc reported income of $3.0m and spending of $3.0m, spending 97% of its income. Across the 6 years on record, from June 2019 to August 2023, income grew from $1.6m to $3.0m (+88%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 235%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centerpath Wellness Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Dilworth Center for Chemical Dependency Inc ($3.0m), Clara Maass Foundation ($3.0m) and Chelsea Jewish Community Inc ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $2.7m against liabilities of $3.6m, net assets of -$907k. It reported 35 employees.