Saint Peters University Hospital

Analysis

Saint Peters University Hospital is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in March 1946, 80 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, Saint Peters University Hospital reported income of $584.6m and spending of $565.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $487.2m to $584.6m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saint Peters University Hospital sits at the 99th percentile: it is larger than about 99% 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 Mobile Infirmary Association ($582.1m), Good Samaritan Hospital Corvallis ($585.1m) and John Muir Physician Network ($582.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.3m (0.2% of expenses). Other salaries and wages came to $279.5m. At year end it held assets of $597.5m against liabilities of $297.5m, net assets of $300.0m. It reported 4,201 employees.