Centrastate Healthcare Foundation
Centrastate Healthcare Foundation: Strong Asset Growth, Moderate Program Spending
EIN: 222383065 · Freehold, NJ · NTEE: E22I · Updated: 2026-04-04
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.
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.
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
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.
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.