Centrastate Healthcare Foundation

Analysis

Centrastate Healthcare Foundation is a registered charity in United States, based in Freehold, NJ. It received its IRS tax-exemption ruling in January 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, Centrastate Healthcare Foundation reported income of $8.6m and spending of $7.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $8.6m (+116%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centrastate Healthcare Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Well Care Community Health Inc ($8.6m), Fairfield Community Health Center ($8.6m) and Chemical Addictions Recovery Effort Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $21.1m against liabilities of $755k, net assets of $20.4m.