Central Jersey Medical Center Inc

Analysis

Central Jersey Medical Center Inc is a registered charity in United States, based in Perth Amboy, NJ. It received its IRS tax-exemption ruling in May 2001, 25 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, Central Jersey Medical Center Inc reported income of $22.9m and spending of $20.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.0m to $22.9m (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Central Jersey Medical Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Lincoln ($22.9m), Four County Mental Health Center Inc ($22.9m) and Clarkson Regional Health Services I NC ($22.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.1m (5.6% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $28.1m against liabilities of $7.3m, net assets of $20.8m. It reported 215 employees.