NJ Center for the Healing Arts Inc

Analysis

NJ Center for the Healing Arts Inc is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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 2022, NJ Center for the Healing Arts Inc reported income of $506k and spending of $710k, spending 140% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $493k to $506k (+2.6%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, NJ Center for the Healing Arts Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Alliance for Innovation Inc ($506k), Cancer Hope Network Inc ($506k) and Needles Eye Ministries Inc ($506k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $146k (21% of expenses). Other salaries and wages came to $257k. At year end it held assets of $93k against liabilities of $387k, net assets of -$294k. It reported 19 employees.