Carepoint Health Foundation Inc

Analysis

Carepoint Health Foundation Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in January 2012, 14 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, Carepoint Health Foundation Inc reported income of $5.7m and spending of $5.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $5.7m (+3.8%), an average of +0.9% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carepoint Health Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Clara Baldwin Stocker Home for Women ($5.7m), Intecare Inc ($5.7m) and Family Solutions ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $392k (6.7% of expenses). Other salaries and wages came to $193k. At year end it held assets of $2.1m against liabilities of $1.3m, net assets of $788k. It reported 3 employees.