Newton Medical Center Foundation
Newton Medical Center Foundation: Strong Asset Growth, Consistent Program Spending
EIN: 222618102 · Morristown, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $861K |
| Program Spending | 75% |
| Net Assets | $35.7M |
| Transparency Score | 85/100 |
Is Newton Medical Center Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newton Medical Center Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Newton Medical Center Foundation
Newton Medical Center Foundation (EIN: 222618102) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $5.2M and total assets of $38.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newton Medical Center Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newton Medical Center Foundation is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $861K |
| Surplus / Deficit | +$1.3M |
| Total Assets | $36.0M |
| Total Liabilities | $355K |
| Net Assets | $35.7M |
| Operating Margin | 60.7% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 502.1 months |
Financial Health Grade: A
In 2023, Newton Medical Center Foundation reported a surplus of $1.3M with revenue exceeding expenses, holds 502.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Newton Medical Center Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.4% | +4.0% | +16.6% |
| 2022 | -32.9% | -47.2% | -13.1% |
| 2021 | +75.3% | +81.8% | +16.6% |
| 2020 | -28.1% | -53.5% | +8.8% |
| 2019 | +34.4% | +61.5% | +18.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Newton Medical Center 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Newton Medical Center Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further 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 Newton Medical Center Foundation:
- Consistent growth in assets from $23.0M in 2016 to $36.0M in 2023, indicating strong financial stewardship.
- Healthy revenue streams, with 2023 reporting $2.1M in revenue.
- Low administrative and fundraising costs relative to program spending, suggesting efficient operations.
Frequently Asked Questions about Newton Medical Center Foundation
Is Newton Medical Center Foundation a legitimate charity?
Newton Medical Center Foundation (EIN: 222618102) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.2M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Newton Medical Center Foundation spend its money?
Newton Medical Center Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Newton Medical Center Foundation tax-deductible?
Newton Medical Center Foundation is registered as a tax-exempt nonprofit (EIN: 222618102). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newton Medical Center Foundation's spending goes to programs?
Newton Medical Center Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Newton Medical Center Foundation located?
Newton Medical Center Foundation is headquartered in Morristown, New Jersey and files with the IRS under EIN 222618102.
How many years of IRS 990 filings does Newton Medical Center Foundation have?
Newton Medical Center 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 $5.2M in total revenue.
What does Newton Medical Center Foundation do?
Newton Medical Center Foundation is a nonprofit organization in the Unknown sector, located in Morristown, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Newton Medical Center Foundation have?
Newton Medical Center Foundation reported total revenue of $5,228,566. Based on 13 IRS 990 filings on record.
What are Newton Medical Center Foundation's total assets?
Newton Medical Center Foundation holds total assets of $38,853,344 as reported in IRS 990 filings.
Where is Newton Medical Center Foundation located?
Newton Medical Center Foundation is based in Morristown, New Jersey.
What is Newton Medical Center Foundation's EIN?
Newton Medical Center Foundation's Employer Identification Number (EIN) is 222618102. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newton Medical Center Foundation?
Newton Medical Center Foundation is classified under NTEE code Unknown (Unknown).
Is Newton Medical Center Foundation a registered 501(c)(3)?
Newton Medical Center Foundation appears in IRS records (EIN: 222618102). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Newton Medical Center Foundation file IRS Form 990?
Yes, Newton Medical Center Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Newton Medical Center Foundation's revenue in 2023?
In the 202312 filing period, Newton Medical Center Foundation reported total revenue of $2,189,475, total expenses of $861,143, and net assets of $36,032,935.
Is Newton Medical Center Foundation's revenue growing or declining?
Newton Medical Center Foundation's revenue is growing. Revenue went from $1,881,724 (202212) to $2,189,475 (202312), a +16.4% change. Based on 13 filings on record.
What is Newton Medical Center Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Newton Medical Center Foundation covers tax period 202312. It shows revenue of $2,189,475, expenses of $861,143, total assets of $36,032,935, and liabilities of $354,728.
How much does Newton Medical Center Foundation spend on programs vs administration?
Based on IRS 990 analysis, Newton Medical Center Foundation allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Newton Medical Center Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Newton Medical Center Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Newton Medical Center Foundation's strengths?
Positive indicators for Newton Medical Center Foundation include: Consistent growth in assets from $23.0M in 2016 to $36.0M in 2023, indicating strong financial stewardship.. Healthy revenue streams, with 2023 reporting $2.1M in revenue.. Low administrative and fundraising costs relative to program spending, suggesting efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Newton Medical Center Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation's asset growth correlate with its revenue fluctuations over the years?
Despite revenue fluctuations (e.g., $2.8M in 2021 vs. $1.8M in 2022), the foundation has demonstrated consistent asset growth, suggesting effective long-term investment strategies and donor retention that build capital regardless of annual giving variations.
What is the primary driver of the foundation's expenses, and how has this trend evolved?
The primary driver of expenses appears to be program-related, with total expenses (x) consistently representing a significant portion of revenue. For example, in 2023, expenses were $861,143, indicating a substantial commitment to its mission activities.
Filing History
IRS 990 filing history for Newton Medical Center Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Newton Medical Center Foundation's revenue has grown by 53.4%, moving from $1.4M to $2.2M. Total assets increased by 103.6% over the same period, from $17.7M to $36.0M. Total functional expenses rose by 4.5%, from $824K to $861K. In its most recent filing year (2023), Newton Medical Center Foundation reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $355K in liabilities against $36.0M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $35.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $861K | $36.0M | $355K | — | — |
| 2022 | $1.9M | $828K | $30.9M | $201K | — | View 990 |
| 2021 | $2.8M | $1.6M | $35.6M | $170K | — | View 990 |
| 2020 | $1.6M | $864K | $30.5M | $148K | — | View 990 |
| 2019 | $2.2M | $1.9M | $28.0M | $174K | — | View 990 |
| 2018 | $1.7M | $1.2M | $23.6M | $131K | — | View 990 |
| 2017 | $1.7M | $1.7M | $25.5M | $201K | — | View 990 |
| 2016 | $1.9M | $889K | $23.1M | $165K | — | View 990 |
| 2015 | $1.3M | $1.4M | $20.9M | $178K | — | View 990 |
| 2014 | $1.9M | $968K | $21.5M | $166K | — | View 990 |
| 2013 | $3.8M | $4.8M | $20.0M | $112K | — | View 990 |
| 2012 | $1.9M | $794K | $19.5M | $73K | — | View 990 |
| 2011 | $1.4M | $824K | $17.7M | $104K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $861K, and assets of $36.0M (revenue +16.4% year-over-year).
- 2022: Revenue of $1.9M, expenses of $828K, and assets of $30.9M (revenue -32.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.6M, and assets of $35.6M (revenue +75.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $864K, and assets of $30.5M (revenue -28.1% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.9M, and assets of $28.0M (revenue +34.4% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.2M, and assets of $23.6M (revenue -4.2% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $25.5M (revenue -11.1% year-over-year).
- 2016: Revenue of $1.9M, expenses of $889K, and assets of $23.1M (revenue +45.6% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.4M, and assets of $20.9M (revenue -28.4% year-over-year).
- 2014: Revenue of $1.9M, expenses of $968K, and assets of $21.5M (revenue -50.7% year-over-year).
- 2013: Revenue of $3.8M, expenses of $4.8M, and assets of $20.0M (revenue +103.1% year-over-year).
- 2012: Revenue of $1.9M, expenses of $794K, and assets of $19.5M (revenue +30.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $824K, and assets of $17.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newton Medical Center Foundation:
Data Sources and Methodology
This transparency report for Newton Medical Center 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.