Cooper University Hospital Cape Regional Inc

Analysis

Cooper University Hospital Cape Regional Inc is a registered charity in United States, based in Cape May CH, NJ. It received its IRS tax-exemption ruling in October 1952, 74 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, Cooper University Hospital Cape Regional Inc reported income of $147.6m and spending of $153.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $133.8m to $147.6m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cooper University Hospital Cape Regional Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include University Physician Group ($147.6m), Ridgecrest Regional Hospital ($147.7m) and Bon Secours Medical Group Greenville Specialty Care LLC ($147.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $3.7m (2.4% of expenses). Other salaries and wages came to $58.5m. At year end it held assets of $144.1m against liabilities of $61.5m, net assets of $82.6m. It reported 1,278 employees.