Hackensack Meridian Health Medical Group - Primary Care PC

Analysis

Hackensack Meridian Health Medical Group - Primary Care PC is a registered charity in United States, based in Iselin, NJ. It received its IRS tax-exemption ruling in May 2009, 17 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 - Primary Care PC reported income of $183.6m and spending of $183.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $61.8m to $183.6m (+197%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 142%. 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 - Primary Care PC sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Behavioral Health Network Inc ($183.3m), Fort Hamilton Hospital ($183.7m) and Corning Hospital ($183.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $102.4m. At year end it held assets of $25.2m against liabilities of $13.9m, net assets of $11.4m. It reported 243 employees.