Virtu-West Jersey Health System Inc

Analysis

Virtu-West Jersey Health System Inc is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in July 1942, 84 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, Virtu-West Jersey Health System Inc reported income of $1.14bn and spending of $913.7m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $843.1m to $1.14bn (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virtu-West Jersey Health System 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 Capital Health System Inc ($1.13bn), Childrens Health Care ($1.14bn) and Elderserve Health Inc ($1.13bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $968k (0.1% of expenses). Other salaries and wages came to $297.7m. At year end it held assets of $2.79bn against liabilities of $949.4m, net assets of $1.84bn. It reported 5,765 employees.