Hackensack Meridian Team Health PC

Analysis

Hackensack Meridian Team Health PC is a registered charity in United States, based in Iselin, NJ. It received its IRS tax-exemption ruling in April 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hackensack Meridian Team Health PC reported income of $6.5m and spending of $6.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $6.5m (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hackensack Meridian Team Health PC sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Genesis Community Health Inc ($6.5m), Cdac Behavioral Healthcare Inc ($6.5m) and Affinity Health Plan Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $670k against liabilities of $352k, net assets of $319k.