Greater Mercer Area Healthcare Foundation Inc

Analysis

Greater Mercer Area Healthcare Foundation Inc is a registered charity in United States, based in Long Branch, NJ. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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, Greater Mercer Area Healthcare Foundation Inc reported income of $271k and spending of $108k, leaving 60% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.4m to $271k (-81%), an average of -42% a year. The sharpest change came in the year to December 2023, when income rose by 323%. Over the whole period it spent 18% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Mercer Area Healthcare Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Lakota Hunting with Heroes Inc ($271k), Green and White Soccer Club ($272k) and The Brazos Valley Masonic Library and Museum Association ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $63k (58% of expenses). At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.