New Jersey Eastern Star Home for the Aged Inc

Analysis

New Jersey Eastern Star Home for the Aged Inc is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in May 1960, 66 years ago. 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 December 2023, New Jersey Eastern Star Home for the Aged Inc reported income of $9.8m and spending of $11.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.8m to $9.8m (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Eastern Star Home for the Aged Inc sits at the 95th percentile: it is larger than about 95% 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 Townsend Health Systems Inc Broadwater Community Hospital ($9.8m), Scholarship Foundation of Santa Barbara ($9.8m) and Mississippi Higher Education Assistance Corporation ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $204k (1.8% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $23.5m against liabilities of $8.1m, net assets of $15.4m. It reported 134 employees.