Cooper Health System a New Jersey Non-Profit Corporation

Analysis

Cooper Health System a New Jersey Non-Profit Corporation is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cooper Health System a New Jersey Non-Profit Corporation reported income of $2.04bn and spending of $1.85bn, spending 91% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $1.38bn to $2.04bn (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cooper Health System a New Jersey Non-Profit Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. 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 H Lee Moffitt Cancer Center and Research Institute Hospital Inc ($2.02bn), Childrens Mercy Hospital ($2.04bn) and Northeast Georgia Medical Center Inc ($2.02bn).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 4.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $18.1m (1.0% of expenses). Other salaries and wages came to $908.0m. At year end it held assets of $2.15bn against liabilities of $949.7m, net assets of $1.20bn. It reported 11,207 employees.