Capital Health System Inc

Analysis

Capital Health System Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Capital Health System Inc reported income of $1.13bn and spending of $1.14bn, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $733.2m to $1.13bn (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Capital Health System Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Elderserve Health Inc ($1.13bn), Virtu-West Jersey Health System Inc ($1.14bn) and Inspira Medical Centers Inc ($1.13bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $16.1m (1.4% of expenses). Other salaries and wages came to $552.9m. At year end it held assets of $1.10bn against liabilities of $942.3m, net assets of $156.9m. It reported 6,979 employees.