RWJ Barnabas Health Inc

Analysis

RWJ Barnabas Health Inc is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in April 2020, 6 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 2021, RWJ Barnabas Health Inc reported income of $346.0m and spending of $325.6m, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $324.5m to $346.0m (+6.6%), an average of +3.3% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, RWJ Barnabas Health Inc sits at the 98th percentile: it is larger than about 98% 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 Capital Area Behavioral Health Collaborative Inc ($345.6m), St Francis Medical Center Inc ($346.2m) and Valley View Hospital Association ($345.5m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 23% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $5.8m (1.8% of expenses). Other salaries and wages came to $129.1m. At year end it held assets of $505.3m against liabilities of $242.0m, net assets of $263.2m. It reported 2,948 employees.