RWJBH Corporate Services Inc

Analysis

RWJBH Corporate Services Inc is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover health care, 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 December 2023, RWJBH Corporate Services Inc reported income of $1.71bn and spending of $1.53bn, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $982.0m to $1.71bn (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, RWJBH Corporate Services Inc sits at the 100th 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 Loma Linda Mercantile ($1.71bn), St Jude Childrens Research Hospital Inc ($1.71bn) and Bayada Home Health Care Inc ($1.70bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $47.9m (3.1% of expenses). Other salaries and wages came to $352.2m. At year end it held assets of $5.34bn against liabilities of $4.64bn, net assets of $693.7m. It reported 4,341 employees.