Bacharach Hospital Foundation Inc

Analysis

Bacharach Hospital Foundation Inc is a registered charity in United States, based in Pomona, NJ. It received its IRS tax-exemption ruling in March 1991, 35 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, Bacharach Hospital Foundation Inc reported income of $2.7m and spending of $6.1m, spending 222% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.7m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 141%. 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, Bacharach Hospital Foundation Inc sits at the 74th 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 Union General Ambulance Service Inc ($2.7m), Chi St Vincent Hot Springs ($2.7m) and Together ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% of the total. At year end it held assets of $26.3m against liabilities of $71k, net assets of $26.2m.

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.