Foundation for University Hospital a New Jersey Nonprofit Co

Analysis

Foundation for University Hospital a New Jersey Nonprofit Co is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in February 2015, 11 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 June 2023, Foundation for University Hospital a New Jersey Nonprofit Co reported income of $2.6m and spending of $2.9m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $512k to $2.6m (+402%), an average of +50% a year. The sharpest change came in the year to June 2020, when income rose by 559%. 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, Foundation for University Hospital a New Jersey Nonprofit Co sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include T J Martell Foundation ($2.6m), The House Institute Foundation ($2.6m) and Mercy Medicine Clinic ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $283k (9.7% of expenses). Other salaries and wages came to $187k. At year end it held assets of $4.0m against liabilities of $743k, net assets of $3.3m. It reported 4 employees.