Southern New Jersey Hospital Workers Compensation Trust

Analysis

Southern New Jersey Hospital Workers Compensation Trust is a registered charity in United States, based in Absecon, NJ. It received its IRS tax-exemption ruling in February 1986, 40 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 December 2023, Southern New Jersey Hospital Workers Compensation Trust reported income of $3.1m and spending of $2.8m, spending 90% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $2.8m to $3.1m (+11%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern New Jersey Hospital Workers Compensation Trust sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Riseup Community School ($3.1m), Marrero Estelle Volunteer Fire Company No 1 ($3.1m) and Seal Legacy Foundation ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $6,352 (0.2% of expenses). Other salaries and wages came to $381k. At year end it held assets of $5.8m against liabilities of $4.4m, net assets of $1.4m.