The RWJ University Hospital Foundation Inc

Analysis

The RWJ University Hospital Foundation Inc is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in February 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, The RWJ University Hospital Foundation Inc reported income of $10.6m and spending of $25.0m, spending 235% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $10.6m (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 39%. 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, The RWJ University Hospital Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Lakeshore Foundation ($10.6m), Sansum Diabetes Research Institute ($10.6m) and Highland Rivers Foundation Inc ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 18% of the total. It paid $495k in professional fundraising fees. At year end it held assets of $26.2m against liabilities of $1.9m, net assets of $24.3m.

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.