Centrastate Medical Center Inc

Analysis

Centrastate Medical Center Inc is a registered charity in United States, based in Freehold, NJ. It received its IRS tax-exemption ruling in July 1964, 62 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, Centrastate Medical Center Inc reported income of $384.3m and spending of $387.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $314.2m to $384.3m (+22%), an average of +5.2% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centrastate Medical Center 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 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Monongalia County General Hospital Company ($384.2m), Ascension Se Wisconsin Hospital Inc ($385.9m) and McLaren Health Care Corporation ($384.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $4.8m (1.2% of expenses). Other salaries and wages came to $135.7m. At year end it held assets of $442.5m against liabilities of $189.6m, net assets of $253.0m. It reported 2,416 employees.