Hackensack Meridian Health Medical Group-Complex Care PC

Analysis

Hackensack Meridian Health Medical Group-Complex Care PC is a registered charity in United States, based in Iselin, NJ. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hackensack Meridian Health Medical Group-Complex Care PC reported income of $31.7m and spending of $31.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $72.9m to $31.7m (-56%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hackensack Meridian Health Medical Group-Complex Care PC sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include University Hospitals Health System Inc ($31.7m), Auburn Senior Services Inc ($31.7m) and Cicatelli Associates Inc ($31.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $21.5m. At year end it held assets of $2.6m against liabilities of $10.0m, net assets of -$7.4m. It reported 85 employees.