Hackensack Meridian Health Inc

Analysis

Hackensack Meridian Health Inc is a registered charity in United States, based in Iselin, NJ. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Hackensack Meridian Health Inc reported income of $20.7m and spending of $20.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to December 2022, income grew from $6.8m to $20.7m (+206%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 115%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hackensack Meridian Health Inc sits at the 96th percentile: it is larger than about 96% 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 The Council for Professional Recognition ($20.7m), Valley Christian Schools ($20.7m) and Prospect Ridge Academy ($20.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 23% and program service revenue 76% of the total. Other salaries and wages came to $6.8m. At year end it held assets of $62.4m against liabilities of $29.4m, net assets of $32.9m. It reported 116 employees.