Saint Barnabas Realty Development Corporation

Analysis

Saint Barnabas Realty Development Corporation is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in August 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saint Barnabas Realty Development Corporation reported income of $5.2m and spending of $6.6m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $5.2m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 182% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saint Barnabas Realty Development Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Ah of Monroe County Inc ($5.2m), McCone County Health Center Inc ($5.2m) and United Hospital Fund of New York ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 33% of the total. At year end it held assets of $52.4m against liabilities of $108.6m, net assets of -$56.2m.

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.