Matheny School and Hospital Inc

Analysis

Matheny School and Hospital Inc is a registered charity in United States, based in Peapack, NJ. It received its IRS tax-exemption ruling in October 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Matheny School and Hospital Inc reported income of $57.7m and spending of $57.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $48.9m to $57.7m (+18%), an average of +4.2% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Matheny School and Hospital 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 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Trinity College ($57.7m), Fenton Charter Public Schools ($57.8m) and Medical College of Virginia Foundation ($57.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.6m (2.8% of expenses). Other salaries and wages came to $36.2m. At year end it held assets of $73.2m against liabilities of $16.4m, net assets of $56.8m. It reported 737 employees.