Heath Village Inc

Analysis

Heath Village Inc is a registered charity in United States, based in Hackettstown, NJ. It received its IRS tax-exemption ruling in October 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Heath Village Inc reported income of $28.7m and spending of $32.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.1m to $28.7m (+5.8%), an average of +1.4% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heath Village Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Asbury Inc ($28.7m), St Paul Homes ($28.7m) and Catholic Charities Inc Archdiocese of Hartford ($28.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.1m (3.5% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $93.1m against liabilities of $44.4m, net assets of $48.7m. It reported 385 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.