Clara Maass Foundation

Analysis

Clara Maass Foundation is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover health care, 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 December 2023, Clara Maass Foundation reported income of $3.0m and spending of $5.3m, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.0m (+104%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clara Maass Foundation 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 Centerpath Wellness Inc ($3.0m), Emergent Health Partners ($3.0m) and Dilworth Center for Chemical Dependency Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. It paid $8,363 in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $265k, net assets of $1.7m.