Valley Health System Inc

Analysis

Valley Health System Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Valley Health System Inc reported income of $128.5m and spending of $129.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $82.8m to $128.5m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Health System Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Niagara Falls Memorial Medical Center ($128.4m), Baystate Franklin Medical Center ($128.5m) and Pacific Central Coast Health Centers ($128.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $7.9m (6.1% of expenses). Other salaries and wages came to $48.1m. At year end it held assets of $32.8m against liabilities of $29.2m, net assets of $3.5m. It reported 526 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.