Atlanticare Health System Inc

Analysis

Atlanticare Health System Inc is a registered charity in United States, based in Pleasantville, NJ. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Atlanticare Health System Inc reported income of $21.0m and spending of $20.1m, spending 96% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $12.1m to $21.0m (+73%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Atlanticare Health System Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Avalon Medical Development Corporation ($21.0m), Ascension Living Franciscan Place ($21.0m) and Tri-County Human Services Inc ($20.9m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $158k (0.8% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $23.1m against liabilities of $15.5m, net assets of $7.6m. It reported 407 employees.