Community Medical Center Foundation

Analysis

Community Medical Center Foundation is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in May 1985, 41 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, Community Medical Center Foundation reported income of $2.8m and spending of $5.0m, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.8m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Medical Center Foundation sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include East Central Mississippi Health Network Incorporated ($2.8m), Willglo Services Inc ($2.8m) and Dri Research Foundation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 40% of the total. It paid $833 in professional fundraising fees. At year end it held assets of $10.1m against liabilities of $157k, net assets of $10.0m.