New Jersey Health Care Quality Institute Inc

Analysis

New Jersey Health Care Quality Institute Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in May 1998, 28 years ago. 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 May 2023, New Jersey Health Care Quality Institute Inc reported income of $2.4m and spending of $2.0m, spending 82% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $2.1m to $2.4m (+13%), an average of +4.0% a year. The sharpest change came in the year to May 2023, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Health Care Quality Institute Inc sits at the 87th percentile: it is larger than about 86% 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 Veterans Education and Research Association of Michigan ($2.4m), Williston Trinity Christian School ($2.4m) and St Dominic Gardens Inc ($2.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $501k (26% of expenses). Other salaries and wages came to $744k. At year end it held assets of $2.7m against liabilities of $475k, net assets of $2.3m. It reported 12 employees.