Hyacinth Foundation a New Jersey Nonprofit Corporation

Analysis

Hyacinth Foundation a New Jersey Nonprofit Corporation is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in October 1985, 41 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 June 2023, Hyacinth Foundation a New Jersey Nonprofit Corporation reported income of $11.4m and spending of $10.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $11.4m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hyacinth Foundation a New Jersey Nonprofit Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Edlavitch Jewish Community Center of Washington DC Inc ($11.4m), Mercy Health Foundation Oklahoma City ($11.5m) and Hiawatha Valley Mental Health Center ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $153k (1.4% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $4.1m against liabilities of $2.7m, net assets of $1.4m. It reported 149 employees.