Hemophilia Association of New Jersey

Analysis

Hemophilia Association of New Jersey is a registered charity in United States, based in East Brunswick, NJ. It received its IRS tax-exemption ruling in September 1992, 34 years ago. 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 June 2023, Hemophilia Association of New Jersey reported income of $1.2m and spending of $1.0m, spending 82% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.2m (-4.8%), an average of -1.6% a year. The sharpest change came in the year to June 2020, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hemophilia Association of New Jersey sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Magic Foundation ($1.2m), Pittsburgh Film Makers Inc ($1.2m) and Capitol Sea Devils Swimm Team ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $110k (11% of expenses). Other salaries and wages came to $391k. At year end it held assets of $5.7m against liabilities of $262k, net assets of $5.4m. It reported 6 employees.