Barnabas Health Medical Group P C

Analysis

Barnabas Health Medical Group P C is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in January 2007, 19 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, Barnabas Health Medical Group P C reported income of $581.9m and spending of $581.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290.3m to $581.9m (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 29%. 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, Barnabas Health Medical Group P C sits at the 99th percentile: it is larger than about 99% of them. 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 SCL Health Montana ($581.2m), John Muir Physician Network ($582.0m) and Bon Secours-St Francis Xavier Hospital Inc ($580.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.3m (0.4% of expenses). Other salaries and wages came to $124.2m. At year end it held assets of $165.0m against liabilities of $163.9m, net assets of $1.2m. It reported 5,126 employees.