Princeton Healthcare System Foundation Inc

Is Princeton Healthcare System Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Princeton Healthcare System Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Princeton Healthcare System Foundation Inc

Princeton Healthcare System Foundation Inc (EIN: 222225911) is a nonprofit organization based in Plainsboro, NJ, classified under NTEE code E110. The organization reported total revenue of $17.8M and total assets of $105.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Princeton Healthcare System Foundation Inc'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 Princeton Healthcare System Foundation Inc 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: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Princeton Healthcare System Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in filings suggests no compensation reported for key employees, which warrants further investigation.

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.

Red Flags

The following concerns were identified during AI analysis of Princeton Healthcare System Foundation Inc's IRS 990 filings:

• Lack of specific executive compensation details in the provided data, indicated by 'c0%' in filings, requires deeper scrutiny to ensure appropriate governance.

Strengths

The following positive indicators were identified for Princeton Healthcare System Foundation Inc:

• Significant asset growth from $55.39 million in 2018 to $91.12 million in 2023, indicating strong financial health.
• Consistent high percentage of expenses allocated to programs, demonstrating a focus on mission delivery.
• Healthy revenue stream, with $14.50 million in 2023, supporting ongoing operations and growth.

Frequently Asked Questions about Princeton Healthcare System Foundation Inc

Filing History

IRS 990 filing history for Princeton Healthcare System Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Princeton Healthcare System Foundation Inc's revenue has declined by 60.5%, moving from $36.7M to $14.5M. Total assets increased by 16.4% over the same period, from $78.3M to $91.1M. Total functional expenses fell by 73.8%, from $20.1M to $5.3M. In its most recent filing year (2023), Princeton Healthcare System Foundation Inc reported a surplus of $9.2M, with revenue exceeding expenses. The organization holds $570K in liabilities against $91.1M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $90.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $14.5M, expenses of $5.3M, and assets of $91.1M (revenue +23.4% year-over-year).
• 2022: Revenue of $11.7M, expenses of $3.3M, and assets of $85.8M (revenue +38.1% year-over-year).
• 2021: Revenue of $8.5M, expenses of $3.4M, and assets of $85.3M (revenue +10.5% year-over-year).
• 2020: Revenue of $7.7M, expenses of $3.1M, and assets of $61.1M (revenue +22.8% year-over-year).
• 2019: Revenue of $6.3M, expenses of $3.5M, and assets of $58.4M (revenue +396.0% year-over-year).
• 2018: Revenue of $1.3M, expenses of $1.8M, and assets of $55.4M (revenue -79.8% year-over-year).
• 2017: Revenue of $6.2M, expenses of $3.8M, and assets of $55.8M (revenue -1.6% year-over-year).
• 2016: Revenue of $6.4M, expenses of $6.3M, and assets of $51.5M (revenue -19.8% year-over-year).
• 2015: Revenue of $7.9M, expenses of $5.8M, and assets of $51.6M (revenue +2.9% year-over-year).
• 2014: Revenue of $7.7M, expenses of $8.6M, and assets of $52.9M (revenue -62.1% year-over-year).
• 2013: Revenue of $20.3M, expenses of $25.1M, and assets of $55.4M (revenue -65.8% year-over-year).
• 2012: Revenue of $59.3M, expenses of $38.7M, and assets of $61.5M (revenue +61.5% year-over-year).
• 2011: Revenue of $36.7M, expenses of $20.1M, and assets of $78.3M.

Data Sources and Methodology

This transparency report for Princeton Healthcare System Foundation Inc 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.