Health Research & Educational Trust of New Jersey

Analysis

Health Research & Educational Trust of New Jersey is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in March 1978, 48 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, Health Research & Educational Trust of New Jersey reported income of $2.4m and spending of $1.9m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $2.4m (-49%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Research & Educational Trust of New Jersey sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Kmha Real Estate Inc ($2.4m), Institute for Safe Medication Practices ($2.4m) and Johnson Center Homes II ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 27% of the total. Other salaries and wages came to $536k. At year end it held assets of $6.2m against liabilities of $120k, net assets of $6.1m. It reported 8 employees.