RWJ Barnabas Health Inc

Analysis

RWJ Barnabas Health Inc is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in April 2020, 6 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 December 2023, RWJ Barnabas Health Inc reported income of $7.07bn and spending of $7.17bn, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.12bn to $7.07bn (+38%), an average of +8.4% a year. 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, RWJ Barnabas Health Inc 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 Stanford Health Care 227 ($7.05bn), Mayo Clinic ($7.08bn) and Vanderbilt University Medical Center ($6.92bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $20.1m (0.3% of expenses). Other salaries and wages came to $2.50bn. It paid $463k in professional fundraising fees. At year end it held assets of $9.03bn against liabilities of $4.79bn, net assets of $4.24bn. It reported 38,636 employees.