Robert Wood Johnson Health Network Inc

Analysis

Robert Wood Johnson Health Network Inc is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in March 2017, 9 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Robert Wood Johnson Health Network Inc reported income of $106.7m and spending of $120.9m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $49.1m to $106.7m (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Robert Wood Johnson Health Network 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 100th percentile within NJ. Charities of a similar size with the same main cause include Dana Farber Mass General Brigham Cancer Care Inc ($106.5m), Baylor St Lukes Medical Group ($106.9m) and Planned Parenthood-Orange and San Bernardino Counties Inc ($106.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 93% of the total. At year end it held assets of $57.4m against liabilities of $79.3m, net assets of -$21.9m.

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.