Inspira Medical Centers Inc

Analysis

Inspira Medical Centers Inc is a registered charity in United States, based in Bridgeton, NJ. It received its IRS tax-exemption ruling in November 1996, 30 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 2023, Inspira Medical Centers Inc reported income of $1.13bn and spending of $1.08bn, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $536.2m to $1.13bn (+111%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Inspira Medical Centers Inc sits at the 99th 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 University Community Hospital Inc ($1.13bn), Elderserve Health Inc ($1.13bn) and World Federation of Hemophilia USA ($1.13bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $10.2m (0.9% of expenses). Other salaries and wages came to $476.0m. At year end it held assets of $1.91bn against liabilities of $807.1m, net assets of $1.10bn. It reported 8,681 employees.