Newark Emergency Center Inc

Analysis

Newark Emergency Center Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Newark Emergency Center Inc reported income of $8.8m and spending of $6.7m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $8.8m (+237%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Newark Emergency Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within DE. Charities of a similar size with the same main cause include Kansas State University Research Foundation ($8.8m), Childrens Medical Center Research Institute at the University of Tex ($8.8m) and Foundation Fighting Blindness Retinal Degeneration Fund ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $504k (7.5% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $6.8m against liabilities of $0, net assets of $6.8m. It reported 100 employees.