Capital Health-East Trenton Inc

Analysis

Capital Health-East Trenton Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover health care, 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 June 2023, Capital Health-East Trenton Inc reported income of $55.2m and spending of $156.0m, spending 283% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $132.6m to $55.2m (-58%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 54%. Over the whole period it spent 131% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Capital Health-East Trenton Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include TMC Medical Network ($55.1m), Caroline Kline Galland Home ($55.2m) and Hudson Valley Cardiovascular Practice PC ($55.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.9m (1.2% of expenses). Other salaries and wages came to $18.0m. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1,119 employees.

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.