Atlantic Health System Inc

Analysis

Atlantic Health System Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in September 2006, 20 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, Atlantic Health System Inc reported income of $9.5m and spending of $7.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $9.5m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Atlantic Health System Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Griffith Centers Inc ($9.5m), Cuba Memorial Hospital Inc ($9.5m) and NFX ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 62% of the total. At year end it held assets of $169.5m against liabilities of $48.4m, net assets of $121.1m.