Foundation for Morristown Medical Center Inc
475 South St, Morristown, NJ · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $41,654,876 | $28,007,443 | $219,479,847 |
| FY2023 | $28,600,440 | $21,294,598 | $196,110,320 |
| FY2022 | $32,154,791 | $13,238,552 | $169,273,531 |
| FY2021 | $31,511,180 | $11,731,974 | $189,677,736 |
| FY2020 | $26,671,281 | $12,256,875 | $167,438,837 |
| FY2019 | $28,655,949 | $13,242,303 | $155,629,915 |
| FY2018 | $22,800,915 | $14,239,376 | $139,857,893 |
| FY2017 | $32,454,043 | $12,370,060 | $149,721,359 |
| FY2016 | $17,798,507 | $11,228,243 | $128,941,607 |
| FY2015 | $20,911,560 | $10,032,072 | $124,134,113 |
| FY2014 | $30,761,504 | $9,912,102 | $127,421,948 |
| FY2013 | $20,958,427 | $7,881,957 | $115,700,769 |
| FY2012 | $22,750,997 | $8,572,473 | $98,303,221 |
| FY2011 | $16,434,521 | $8,251,702 | $80,373,836 |
Form 990 filings
The returns filed by Foundation for Morristown Medical Center Inc (EIN 22-3392808), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $32,854,113 | 79% |
| Program service revenue | $0 | 0% |
| Other revenue | $8,800,763 | 21% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $22,159,507 | 79% |
| Management & general | $2,390,113 | 9% |
| Fundraising | $3,457,823 | 12% |
What the numbers show
- Contributions & grants made up 79% of total revenue in FY2024.
- Program services accounted for 79% of functional expenses, management & general 9%, and fundraising 12%.
- 79% of functional expenses went to program services in FY2024. That is higher than 23.9% of 88 Health Care organizations in NJ.
- Net assets covered about 94 months of expenses at the end of the reporting year. That puts it in the 88th percentile among 551 Health Care organizations in NJ.
- Total revenue was higher than 91.6% of 582 Health Care organizations in NJ.
- Total revenue rose from $16,434,521 in FY2011 to $41,654,876 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $80,373,836 to $219,479,847 between FY2011 and FY2024.
- Contributions and grants made up 90% of revenue in FY2011 and 79% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Refer to Schedule OThe Foundation for Morristown Medical Center is a not-for-profit fundraising organization which solicits funds in its general appeal to support both Morristown Medical Center, which is a division of AHS Hospital Corporation, and the community as the Foundation's Board may deem
IRS status
| Ruling year | 1995 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E122 — Health Care (in NJ) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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