Hunterdon Medical Center

Analysis

Hunterdon Medical Center is a registered charity in United States, based in Flemington, NJ. It received its IRS tax-exemption ruling in September 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, Hunterdon Medical Center reported income of $355.9m and spending of $348.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $308.3m to $355.9m (+15%), an average of +3.7% 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, Hunterdon Medical Center 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 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Cook Childrens Health Care System ($355.9m), Winchester Hospital ($356.2m) and Temple Faculty Practice Plan Inc ($355.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.8m (1.4% of expenses). Other salaries and wages came to $171.3m. At year end it held assets of $500.7m against liabilities of $225.1m, net assets of $275.5m. It reported 2,893 employees.