Healing the Children New Jersey Inc

Analysis

Healing the Children New Jersey Inc is a registered charity in United States, based in Hawthorne, NJ. It received its IRS tax-exemption ruling in August 1986, 40 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, Healing the Children New Jersey Inc reported income of $166k and spending of $196k, spending 118% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $1.4m to $166k (-88%), an average of -66% a year. The sharpest change came in the year to December 2022, when income dropped by 89%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healing the Children New Jersey Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Water for Wildlife Foundation ($166k), Sunrise Foundation Inc ($166k) and Serenity House of Libertyville Inc ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $273k against liabilities of $53k, net assets of $220k.

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.