Virtua-Memorial Hospital Burlington County Inc

Analysis

Virtua-Memorial Hospital Burlington County Inc is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in February 1940, 86 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, Virtua-Memorial Hospital Burlington County Inc reported income of $452.5m and spending of $383.8m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $342.6m to $452.5m (+32%), an average of +7.2% a year. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virtua-Memorial Hospital Burlington County Inc sits at the 98th percentile: it is larger than about 98% 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 Corewell Health ($452.2m), Guthrie Medical Group PC ($453.2m) and Gothic HSP Corporation ($451.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $989k (0.3% of expenses). Other salaries and wages came to $127.6m. At year end it held assets of $1.05bn against liabilities of $57.6m, net assets of $988.7m. It reported 2,289 employees.