Black Health Matters Foundation Inc

Analysis

Black Health Matters Foundation Inc is a registered charity in United States, based in Ringwood, NJ. It received its IRS tax-exemption ruling in August 2018, 8 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, Black Health Matters Foundation Inc reported income of $3.1m and spending of $2.3m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $3.1m (+1366%), an average of +96% a year. The sharpest change came in the year to December 2020, when income rose by 247%. Over the whole period it spent 67% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Black Health Matters Foundation Inc sits at the 76th percentile: it is larger than about 76% 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 Healthy Start Coalition of Palm Beach County Inc ($3.1m), The Greenwich Hospital Endowment Fund ($3.1m) and Porter Hills Home Health West ($3.1m).

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 $364k (16% of expenses). Other salaries and wages came to $820k. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m. It reported 4 employees.