Francis E Parker Memorial Home

Analysis

Francis E Parker Memorial Home is a registered charity in United States, based in Piscataway, NJ. It received its IRS tax-exemption ruling in December 1943, 83 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, Francis E Parker Memorial Home reported income of $9.8m and spending of $31.4m, spending 319% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.3m to $9.8m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 289% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Francis E Parker Memorial Home sits at the 84th percentile: it is larger than about 84% 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 Health Service Alliance ($9.8m), Helphopelive Inc ($9.8m) and West Cecil Health Center Inc ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $162k (0.5% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $12.9m against liabilities of $582k, net assets of $12.3m. It reported 236 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.