Holy Name Health Care Foundation Inc

Analysis

Holy Name Health Care Foundation Inc is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holy Name Health Care Foundation Inc reported income of $12.3m and spending of $12.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $12.3m (+243%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holy Name Health Care Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include North Central Missouri Mental Healt H Center ($12.3m), Coastal Bend Blood Center ($12.3m) and Jacobson Memorial Hospital Care Center ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $584k (4.7% of expenses). Other salaries and wages came to $896k. At year end it held assets of $16.1m against liabilities of $740k, net assets of $15.3m. It reported 11 employees.