St Josephs Health System Subordinate Group Return

Analysis

St Josephs Health System Subordinate Group Return is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in June 2009, 17 years ago. 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, St Josephs Health System Subordinate Group Return reported income of $1.03bn and spending of $1.01bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $836.4m to $1.03bn (+23%), an average of +5.2% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Josephs Health System Subordinate Group Return sits at the 100th 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 Atlanticare Health System Inc ($989.7m), Florida Hospital Medical Group Inc ($1.04bn) and Adventist Healthcare Inc ($910.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $14.9m (1.5% of expenses). Other salaries and wages came to $440.1m. At year end it held assets of $1.09bn against liabilities of $723.1m, net assets of $370.5m. It reported 6,284 employees.