Inspira Health Network Medical Group PC

Analysis

Inspira Health Network Medical Group PC is a registered charity in United States, based in Bridgeton, NJ. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inspira Health Network Medical Group PC reported income of $76.2m and spending of $115.8m, spending 152% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62.6m to $76.2m (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 145% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Inspira Health Network Medical Group PC sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include GSL Hospital ($76.1m), Unitypoint Health-Marshalltown ($76.2m) and Childrens Hospital Colorado ($76.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $460k (0.4% of expenses). Other salaries and wages came to $55.3m. At year end it held assets of $23.5m against liabilities of $49.1m, net assets of -$25.5m. It reported 243 employees.