Careplus Bergen

Analysis

Careplus Bergen is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in September 2017, 9 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, Careplus Bergen reported income of $301.1m and spending of $298.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206.4m to $301.1m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 24%. 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, Careplus Bergen 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 NJ. Charities of a similar size with the same main cause include Vidant Medical Group LLC ($301.1m), Holland Community Hospital ($302.2m) and BMC Health System ($299.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.3m (0.8% of expenses). Other salaries and wages came to $139.7m. At year end it held assets of $109.0m against liabilities of $110.0m, net assets of -$1.0m. It reported 2,407 employees.