Elizabethtown Healthcare Foundation
Elizabethtown Healthcare Foundation: Strong Financials, High Program Spending
EIN: 222473474 · Elizabeth, NJ · NTEE: E20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $901K |
| Program Spending | 85% |
| Net Assets | $7.8M |
| Transparency Score | 85/100 |
Is Elizabethtown Healthcare Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elizabethtown Healthcare Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elizabethtown Healthcare Foundation
Elizabethtown Healthcare Foundation (EIN: 222473474) is a nonprofit organization based in Elizabeth, NJ, classified under NTEE code E20. The organization reported total revenue of $1.3M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elizabethtown Healthcare Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elizabethtown Healthcare Foundation is a mid-size nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $901K |
| Surplus / Deficit | +$599K |
| Total Assets | $8.7M |
| Total Liabilities | $925K |
| Net Assets | $7.8M |
| Operating Margin | 39.9% |
| Debt-to-Asset Ratio | 10.7% |
| Months of Reserves | 115.6 months |
Financial Health Grade: A
In 2023, Elizabethtown Healthcare Foundation reported a surplus of $599K with revenue exceeding expenses, holds 115.6 months of operating reserves (strong position), has a debt-to-asset ratio of 10.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Elizabethtown Healthcare Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.6% | +5.3% | +6.4% |
| 2022 | -1.3% | -6.7% | +18.8% |
| 2021 | +20.9% | +0.8% | +5.0% |
| 2020 | -11.7% | +28.8% | +1.8% |
| 2019 | +10.5% | -3.4% | +18.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Elizabethtown Healthcare Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Elizabethtown Healthcare Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $599K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.7%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, 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 Elizabethtown Healthcare Foundation:
- Consistently strong revenue generation, with 2023 revenue at $1,500,193.
- Healthy asset growth, reaching $8,682,246 in 2023.
- Low liabilities relative to assets, indicating financial stability.
- High percentage of expenses dedicated to programs, demonstrating a focus on mission delivery.
Frequently Asked Questions about Elizabethtown Healthcare Foundation
Is Elizabethtown Healthcare Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Elizabethtown Healthcare Foundation (EIN: 222473474) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Elizabethtown Healthcare Foundation spend its money?
Elizabethtown Healthcare Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elizabethtown Healthcare Foundation tax-deductible?
Elizabethtown Healthcare Foundation is registered as a tax-exempt nonprofit (EIN: 222473474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Elizabethtown Healthcare Foundation's spending goes to programs?
Elizabethtown Healthcare Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elizabethtown Healthcare Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Elizabethtown Healthcare Foundation is above average for NTEE category E20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elizabethtown Healthcare Foundation located?
Elizabethtown Healthcare Foundation is headquartered in Elizabeth, New Jersey and files with the IRS under EIN 222473474. It is classified under NTEE code E20.
How many years of IRS 990 filings does Elizabethtown Healthcare Foundation have?
Elizabethtown Healthcare Foundation has 10 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 $1.3M in total revenue.
What does Elizabethtown Healthcare Foundation do?
Elizabethtown Healthcare Foundation is a nonprofit organization in the Health Care sector, located in Elizabeth, New Jersey. It is classified under NTEE code E20.
How much revenue does Elizabethtown Healthcare Foundation have?
Elizabethtown Healthcare Foundation reported total revenue of $1,311,018. Based on 10 IRS 990 filings on record.
What are Elizabethtown Healthcare Foundation's total assets?
Elizabethtown Healthcare Foundation holds total assets of $8,731,866 as reported in IRS 990 filings.
Where is Elizabethtown Healthcare Foundation located?
Elizabethtown Healthcare Foundation is based in Elizabeth, New Jersey.
What is Elizabethtown Healthcare Foundation's EIN?
Elizabethtown Healthcare Foundation's Employer Identification Number (EIN) is 222473474. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Elizabethtown Healthcare Foundation?
Elizabethtown Healthcare Foundation is classified under NTEE code E20 (Health Care).
Is Elizabethtown Healthcare Foundation a registered 501(c)(3)?
Yes, Elizabethtown Healthcare Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222473474.
Does Elizabethtown Healthcare Foundation file IRS Form 990?
Yes, Elizabethtown Healthcare Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Elizabethtown Healthcare Foundation's revenue in 2023?
In the 202312 filing period, Elizabethtown Healthcare Foundation reported total revenue of $1,500,193, total expenses of $901,037, and net assets of $8,682,246.
Is Elizabethtown Healthcare Foundation's revenue growing or declining?
Elizabethtown Healthcare Foundation's revenue is growing. Revenue went from $1,233,844 (202212) to $1,500,193 (202312), a +21.6% change. Based on 10 filings on record.
What is Elizabethtown Healthcare Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Elizabethtown Healthcare Foundation covers tax period 202312. It shows revenue of $1,500,193, expenses of $901,037, total assets of $8,682,246, and liabilities of $925,486.
How much does Elizabethtown Healthcare Foundation spend on programs vs administration?
Based on IRS 990 analysis, Elizabethtown Healthcare Foundation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Elizabethtown Healthcare Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Elizabethtown Healthcare Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Elizabethtown Healthcare Foundation's strengths?
Positive indicators for Elizabethtown Healthcare Foundation include: Consistently strong revenue generation, with 2023 revenue at $1,500,193.. Healthy asset growth, reaching $8,682,246 in 2023.. Low liabilities relative to assets, indicating financial stability.. High percentage of expenses dedicated to programs, demonstrating a focus on mission delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does Elizabethtown Healthcare Foundation compensate executives?
Executive compensation appears reasonable given the organization's size and mission, 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 maintain consistent revenue streams despite economic fluctuations over the past decade?
The foundation has shown remarkable consistency in revenue, averaging over $1 million annually, suggesting stable donor relationships and effective fundraising strategies that are resilient to broader economic shifts.
What specific programs or initiatives are primarily responsible for the high program spending percentage?
While the provided data indicates a high program spending percentage, further investigation into the 990 forms would be necessary to identify the specific healthcare programs or initiatives that constitute the bulk of these expenditures.
Filing History
IRS 990 filing history for Elizabethtown Healthcare Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Elizabethtown Healthcare Foundation's revenue has grown by 43.3%, moving from $1.0M to $1.5M. Total assets increased by 116.6% over the same period, from $4.0M to $8.7M. Total functional expenses rose by 12.5%, from $801K to $901K. In its most recent filing year (2023), Elizabethtown Healthcare Foundation reported a surplus of $599K, with revenue exceeding expenses. The organization holds $925K in liabilities against $8.7M in assets (debt-to-asset ratio: 10.7%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $901K | $8.7M | $925K | — | View 990 |
| 2022 | $1.2M | $856K | $8.2M | $933K | — | View 990 |
| 2021 | $1.2M | $918K | $6.9M | $20K | — | View 990 |
| 2020 | $1.0M | $911K | $6.5M | $25K | — | View 990 |
| 2019 | $1.2M | $707K | $6.4M | $30K | — | View 990 |
| 2015 | $1.1M | $732K | $5.4M | $325K | — | View 990 |
| 2014 | $968K | $719K | $4.9M | $171K | — | View 990 |
| 2013 | $1.1M | $797K | $4.8M | $250K | — | View 990 |
| 2012 | $1.1M | $807K | $4.5M | $302K | — | View 990 |
| 2011 | $1.0M | $801K | $4.0M | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $901K, and assets of $8.7M (revenue +21.6% year-over-year).
- 2022: Revenue of $1.2M, expenses of $856K, and assets of $8.2M (revenue -1.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $918K, and assets of $6.9M (revenue +20.9% year-over-year).
- 2020: Revenue of $1.0M, expenses of $911K, and assets of $6.5M (revenue -11.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $707K, and assets of $6.4M (revenue +10.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $732K, and assets of $5.4M (revenue +9.4% year-over-year).
- 2014: Revenue of $968K, expenses of $719K, and assets of $4.9M (revenue -11.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $797K, and assets of $4.8M (revenue +3.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $807K, and assets of $4.5M (revenue +1.0% year-over-year).
- 2011: Revenue of $1.0M, expenses of $801K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elizabethtown Healthcare Foundation:
Data Sources and Methodology
This transparency report for Elizabethtown 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.