The Valley Hospital Auxiliary

Analysis

The Valley Hospital Auxiliary is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in January 1950, 76 years ago. 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 June 2023, The Valley Hospital Auxiliary reported income of $536k and spending of $38k, leaving 93% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $991k to $536k (-46%), an average of -14% a year. The sharpest change came in the year to June 2023, when income rose by 128%. Over the whole period it spent 153% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Valley Hospital Auxiliary sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Health Resources Lifecare Center Inc ($536k), Afcea Educational Foundation ($536k) and Our Lady of the Desert Inc ($536k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 112% of the total. At year end it held assets of $275k against liabilities of $1.1m, net assets of -$874k.