Englewood Hospital and Medical Center Foundation Inc

Analysis

Englewood Hospital and Medical Center Foundation Inc is a registered charity in United States, based in Englewood, NJ. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Englewood Hospital and Medical Center Foundation Inc reported income of $9.7m and spending of $11.9m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $19.5m to $9.7m (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Englewood Hospital and Medical Center Foundation Inc 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 96th percentile within NJ. Charities of a similar size with the same main cause include Heritage Fund of Bartholomew County Inc ($9.7m), Tampa-Orlando-Pinellas Jewish Foundation Inc ($9.7m) and Rush County Community Foundation ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $513k (4.3% of expenses). At year end it held assets of $100.7m against liabilities of $2.1m, net assets of $98.5m.