Valley Hospital Inc

Analysis

Valley Hospital Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in January 1953, 73 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, Valley Hospital Inc reported income of $1.15bn and spending of $1.04bn, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $860.1m to $1.15bn (+34%), an average of +7.6% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Hospital 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 Eastern Maine Healthcare Systems ($1.15bn), Lahey Clinic Hospital Inc ($1.16bn) and Chi St Lukes Health Baylor College of Medicine Medical Center ($1.14bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.4m (0.1% of expenses). Other salaries and wages came to $329.5m. At year end it held assets of $2.37bn against liabilities of $711.1m, net assets of $1.66bn. It reported 4,635 employees.