Atlanticare Health System Inc

Analysis

Atlanticare Health System Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in February 2011, 15 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 2022, Atlanticare Health System Inc reported income of $86.3m and spending of $86.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to December 2022, income fell from $86.8m to $86.3m (-0.6%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 106%. 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 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Northern Montana Hospital ($86.1m), Elmhurst Memorial Healthcare ($86.3m) and Texas Medical Center Central Heat and Cooling Services Corp ($86.1m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $6.0m (6.9% of expenses). Other salaries and wages came to $22.7m. At year end it held assets of $45.2m against liabilities of $13.8m, net assets of $31.4m. It reported 337 employees.