Greater Newark Health Care Coalition Inc

Analysis

Greater Newark Health Care Coalition Inc is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in December 2013, 13 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, Greater Newark Health Care Coalition Inc reported income of $2.8m and spending of $2.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.8m (+90%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 111%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater Newark Health Care Coalition Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include National Foundation for Autism Research ($2.8m), Foundation of the Pennsylvania Medical Society ($2.8m) and Florida Society of Clinical Oncology Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $2.9m against liabilities of $412k, net assets of $2.5m.