Jupiter Medical Center Inc

Analysis

Jupiter Medical Center Inc is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in March 1975, 51 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 September 2023, Jupiter Medical Center Inc reported income of $434.2m and spending of $422.9m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $319.6m to $434.2m (+36%), an average of +8.0% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jupiter Medical Center 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 FL. Charities of a similar size with the same main cause include Heritage Valley Health System Inc ($434.1m), Northwestern Memorial Healthcare ($435.2m) and American Foundation for Donation and Transplantation ($433.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.9m (0.7% of expenses). Other salaries and wages came to $162.8m. At year end it held assets of $607.6m against liabilities of $388.9m, net assets of $218.7m. It reported 2,324 employees.