Centrastate Healthcare Foundation
Centrastate Healthcare Foundation: Strong Asset Growth, Moderate Program Spending
EIN: 222383065 · Freehold, NJ · NTEE: E22I · Updated: 2026-04-04
Source Check Matrix
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Centrastate Healthcare Foundation is mapped to EIN 222383065.
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13 stored filing years available.
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65% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $7.4M |
| Program Spending | 65% |
| Net Assets | $20.4M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Centrastate Healthcare Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Centrastate Healthcare Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Centrastate Healthcare Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $8.6M and expenses of $7.4M.
Revenue and Expenses
Centrastate Healthcare Foundation reported $8.6M in revenue and $7.4M in expenses, a surplus of $1.1M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 0 red flags, and 3 strengths are shown from structured and AI review.
Is Centrastate Healthcare Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $4.8M (65%) |
Across stored filings, Centrastate Healthcare Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 65% to programs | Good |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Health context |
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Centrastate Healthcare Foundation directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Centrastate Healthcare Foundation
Centrastate Healthcare Foundation (EIN: 222383065) is a nonprofit organization based in Freehold, NJ, classified under NTEE code E22I. The organization reported total revenue of $3.7M and total assets of $18.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centrastate Healthcare Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centrastate Healthcare Foundation is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.6M |
| Total Expenses | $7.4M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $21.1M |
| Total Liabilities | $755K |
| Net Assets | $20.4M |
| Operating Margin | 13.3% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 34.1 months |
Financial Health Grade: A
In 2023, Centrastate Healthcare Foundation reported a surplus of $1.1M with revenue exceeding expenses, holds 34.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Centrastate Healthcare Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.2% | +33.0% | +15.3% |
| 2022 | +126.2% | +95.1% | -12.0% |
| 2021 | +15.9% | -18.8% | +7.9% |
| 2020 | -35.3% | +11.2% | +6.0% |
| 2019 | +50.5% | -9.5% | +23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Centrastate Healthcare Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Centrastate Healthcare Foundation allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Centrastate Healthcare Foundation:
- Consistent revenue growth observed from $2.4M in 2017 to $8.5M in 2023.
- Significant asset growth from $14.7M in 2018 to $21.1M in 2023, indicating strong financial health.
- Low liability-to-asset ratio, suggesting good financial management.
Frequently Asked Questions about Centrastate Healthcare Foundation
Is Centrastate Healthcare Foundation a legitimate charity?
Centrastate Healthcare Foundation (EIN: 222383065) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.7M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Centrastate Healthcare Foundation spend its money?
Centrastate Healthcare Foundation directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Centrastate Healthcare Foundation tax-deductible?
Centrastate Healthcare Foundation is registered as a tax-exempt nonprofit (EIN: 222383065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Centrastate Healthcare Foundation's spending goes to programs?
Centrastate Healthcare Foundation directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Centrastate Healthcare Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Centrastate Healthcare Foundation is above average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Centrastate Healthcare Foundation located?
Centrastate Healthcare Foundation is headquartered in Freehold, New Jersey and files with the IRS under EIN 222383065. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Centrastate Healthcare Foundation have?
Centrastate Healthcare Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.7M in total revenue.
What does Centrastate Healthcare Foundation do?
Centrastate Healthcare Foundation is a nonprofit organization in the Health Care sector, located in Freehold, New Jersey. It is classified under NTEE code E22I.
How much revenue does Centrastate Healthcare Foundation have?
Centrastate Healthcare Foundation reported total revenue of $3,703,307. Based on 13 IRS 990 filings on record.
What are Centrastate Healthcare Foundation's total assets?
Centrastate Healthcare Foundation holds total assets of $18,925,771 as reported in IRS 990 filings.
Where is Centrastate Healthcare Foundation located?
Centrastate Healthcare Foundation is based in Freehold, New Jersey.
What is Centrastate Healthcare Foundation's EIN?
Centrastate Healthcare Foundation's Employer Identification Number (EIN) is 222383065. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Centrastate Healthcare Foundation?
Centrastate Healthcare Foundation is classified under NTEE code E22I (Health Care).
Is Centrastate Healthcare Foundation a registered 501(c)(3)?
Yes, Centrastate Healthcare Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222383065.
Does Centrastate Healthcare Foundation file IRS Form 990?
Yes, Centrastate Healthcare Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Centrastate Healthcare Foundation's revenue in 2023?
In the 202312 filing period, Centrastate Healthcare Foundation reported total revenue of $8,576,515, total expenses of $7,435,430, and net assets of $21,131,762.
Is Centrastate Healthcare Foundation's revenue growing or declining?
Centrastate Healthcare Foundation's revenue is growing. Revenue went from $6,740,166 (202212) to $8,576,515 (202312), a +27.2% change. Based on 13 filings on record.
What is Centrastate Healthcare Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Centrastate Healthcare Foundation covers tax period 202312. It shows revenue of $8,576,515, expenses of $7,435,430, total assets of $21,131,762, and liabilities of $755,380.
How much does Centrastate Healthcare Foundation spend on programs vs administration?
Based on IRS 990 analysis, Centrastate Healthcare Foundation allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Centrastate Healthcare Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Centrastate Healthcare Foundation appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Centrastate Healthcare Foundation's strengths?
Positive indicators for Centrastate Healthcare Foundation include: Consistent revenue growth observed from $2.4M in 2017 to $8.5M in 2023.. Significant asset growth from $14.7M in 2018 to $21.1M in 2023, indicating strong financial health.. Low liability-to-asset ratio, suggesting good financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Centrastate Healthcare Foundation compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the foundation managed to significantly increase its assets from $14.7M in 2018 to $21.1M in 2023 despite fluctuating revenue, and what specific investment strategies contributed to this growth?
The consistent growth in assets, even with revenue fluctuations, suggests effective investment management and potentially successful fundraising campaigns that contribute to the endowment rather than immediate program spending. Further analysis of investment returns and endowment policies would be needed to fully understand the strategy.
Given the substantial increase in revenue from $2.9M in 2021 to $8.5M in 2023, what specific new programs or initiatives were funded, and how did this impact the overall program spending percentage?
While revenue saw a significant jump, the provided data doesn't detail specific program initiatives. A deeper dive into the program expense categories in the 990 filings would be necessary to identify new programs and assess their impact on the overall program spending percentage relative to the increased revenue.
Filing History
IRS 990 filing history for Centrastate Healthcare Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Centrastate Healthcare Foundation's revenue has grown by 242.6%, moving from $2.5M to $8.6M. Total assets increased by 138.3% over the same period, from $8.9M to $21.1M. Total functional expenses rose by 119.8%, from $3.4M to $7.4M. In its most recent filing year (2023), Centrastate Healthcare Foundation reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $755K in liabilities against $21.1M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $20.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.6M | $7.4M | $21.1M | $755K | — | — |
| 2022 | $6.7M | $5.6M | $18.3M | $605K | — | View 990 |
| 2021 | $3.0M | $2.9M | $20.8M | $571K | — | View 990 |
| 2020 | $2.6M | $3.5M | $19.3M | $245K | — | View 990 |
| 2019 | $4.0M | $3.2M | $18.2M | $272K | — | View 990 |
| 2018 | $2.6M | $3.5M | $14.8M | $4.1M | — | View 990 |
| 2017 | $2.4M | $2.0M | $16.5M | $4.0M | — | — |
| 2016 | $2.7M | $1.7M | $14.9M | $3.5M | — | View 990 |
| 2015 | $2.7M | $1.8M | $13.2M | $3.1M | — | View 990 |
| 2014 | $3.2M | $2.3M | $12.4M | $2.9M | — | View 990 |
| 2013 | $1.8M | $2.3M | $10.8M | $2.2M | — | View 990 |
| 2012 | $3.1M | $2.7M | $10.3M | $1.6M | — | View 990 |
| 2011 | $2.5M | $3.4M | $8.9M | $713K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.6M, expenses of $7.4M, and assets of $21.1M (revenue +27.2% year-over-year).
- 2022: Revenue of $6.7M, expenses of $5.6M, and assets of $18.3M (revenue +126.2% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.9M, and assets of $20.8M (revenue +15.9% year-over-year).
- 2020: Revenue of $2.6M, expenses of $3.5M, and assets of $19.3M (revenue -35.3% year-over-year).
- 2019: Revenue of $4.0M, expenses of $3.2M, and assets of $18.2M (revenue +50.5% year-over-year).
- 2018: Revenue of $2.6M, expenses of $3.5M, and assets of $14.8M (revenue +8.8% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.0M, and assets of $16.5M (revenue -11.6% year-over-year).
- 2016: Revenue of $2.7M, expenses of $1.7M, and assets of $14.9M (revenue +2.8% year-over-year).
- 2015: Revenue of $2.7M, expenses of $1.8M, and assets of $13.2M (revenue -16.4% year-over-year).
- 2014: Revenue of $3.2M, expenses of $2.3M, and assets of $12.4M (revenue +81.8% year-over-year).
- 2013: Revenue of $1.8M, expenses of $2.3M, and assets of $10.8M (revenue -42.5% year-over-year).
- 2012: Revenue of $3.1M, expenses of $2.7M, and assets of $10.3M (revenue +22.1% year-over-year).
- 2011: Revenue of $2.5M, expenses of $3.4M, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centrastate Healthcare Foundation:
Data Sources and Methodology
This transparency report for Centrastate Healthcare Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.