Foundation for Morristown Medical Center Inc

Analysis

Foundation for Morristown Medical Center Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in October 1995, 31 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 (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, Foundation for Morristown Medical Center Inc reported income of $28.6m and spending of $21.3m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $28.7m to $28.6m (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Morristown Medical Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Dont Ever Give Up Inc ($28.6m), Indiana Jefferson Radiation Oncology Inc ($28.6m) and Avera Holy Family ($28.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. It paid $353k in professional fundraising fees. At year end it held assets of $200.9m against liabilities of $4.7m, net assets of $196.1m.