Health Affiliates Inc

Analysis

Health Affiliates Inc is a registered charity in United States, based in Freehold, NJ. It received its IRS tax-exemption ruling in January 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Health Affiliates Inc reported income of $11.5m and spending of $15.8m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.1m to $11.5m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 119% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Affiliates Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Guthrie Risk Retention Group ($11.5m), Jarc Florida Foundation Inc ($11.5m) and American Society of Transplant Surgeons ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $238k (1.5% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $10.1m against liabilities of $8.4m, net assets of $1.7m. It reported 143 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.