The New Jersey Institute for Medical Research and Education Inc

Analysis

The New Jersey Institute for Medical Research and Education Inc is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The New Jersey Institute for Medical Research and Education Inc reported income of $475k and spending of $512k, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $225k to $475k (+112%), an average of +16% a year. The sharpest change came in the year to December 2019, when income rose by 69%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The New Jersey Institute for Medical Research and Education Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Nodehealth Foundation ($475k), Healthy Nevada ($475k) and Wisconsin Council on Problem Gambling Inc ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (17% of expenses). Other salaries and wages came to $91k. At year end it held assets of $290k against liabilities of $0, net assets of $290k. It reported 4 employees.