Valley Hospital Foundation

Analysis

Valley Hospital Foundation is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in December 1980, 46 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, Valley Hospital Foundation reported income of $15.0m and spending of $17.8m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $19.1m to $15.0m (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 169% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Hospital Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Comfort Bridge ($15.0m), Community Volunteers in Medicine Inc ($15.0m) and Westcare Gulfcoast-Florida Inc ($15.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. It paid $189k in professional fundraising fees. At year end it held assets of $53.2m against liabilities of $1.8m, net assets of $51.3m.

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.