Englewood Hospital and Medical Center a New Jersey Nonprofit Corp

Analysis

Englewood Hospital and Medical Center a New Jersey Nonprofit Corp is a registered charity in United States, based in Englewood, NJ. It received its IRS tax-exemption ruling in January 1937, 89 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, Englewood Hospital and Medical Center a New Jersey Nonprofit Corp reported income of $1.09bn and spending of $1.08bn, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $770.3m to $1.09bn (+42%), an average of +9.1% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Englewood Hospital and Medical Center a New Jersey Nonprofit Corp 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 Cape Cod Healthcare Inc ($1.09bn), Billings Clinic ($1.09bn) and Newyork-Presbyterian-Queens ($1.08bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $6.6m (0.6% of expenses). Other salaries and wages came to $203.5m. At year end it held assets of $901.7m against liabilities of $445.7m, net assets of $456.0m. It reported 3,729 employees.