Kennedy University Hospital Inc

Analysis

Kennedy University Hospital Inc is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in July 1965, 61 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 June 2023, Kennedy University Hospital Inc reported income of $779.7m and spending of $782.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $644.7m to $779.7m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 16%. 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, Kennedy University 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 Prime Healthcare Foundation Inc ($776.3m), Port City Operating Company LLC ($784.5m) and Truman Medical Center Incorporated ($776.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $984k (0.1% of expenses). Other salaries and wages came to $281.4m. At year end it held assets of $1.17bn against liabilities of $675.2m, net assets of $499.2m. It reported 4,934 employees.