Foundation for Hackettstown Medical Center

Analysis

Foundation for Hackettstown Medical Center is a registered charity in United States, based in Hackettstown, NJ. It received its IRS tax-exemption ruling in March 1981, 45 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 December 2023, Foundation for Hackettstown Medical Center reported income of $436k and spending of $404k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $436k (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Hackettstown Medical Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Rock Creek Research and Development Laboratories Inc ($436k), The Nature Museum at Grafton Incorporated ($436k) and Call to Action ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $238k. At year end it held assets of $3.8m against liabilities of $130k, net assets of $3.7m.