HACKENSACK MERIDIAN HEALTH MEDICAL GROUP-SPECIALTY CARE PC
399 THORNALL ST STE 2, EDISON, NJ · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $900,022,959 | $900,022,166 | -$115,694,637 |
| FY2023 | $720,923,458 | $720,924,396 | -$118,705,342 |
| FY2022 | $278,335,744 | $278,335,744 | $14,168,446 |
| FY2021 | $235,450,647 | $235,450,647 | -$88,159,172 |
| FY2020 | $160,707,957 | $160,707,844 | $113 |
| FY2019 | $140,453,827 | $140,453,826 | $0 |
| FY2018 | $137,663,523 | $137,663,523 | $0 |
| FY2017 | $140,555,963 | $140,555,963 | $0 |
| FY2016 | $171,649,491 | $171,649,491 | $0 |
| FY2015 | $174,583,346 | $173,886,985 | $100 |
| FY2014 | $151,188,867 | $151,188,867 | $100 |
| FY2013 | $113,893,486 | $113,893,486 | $100 |
| FY2012 | $83,024,749 | $83,024,749 | $100 |
| FY2011 | $74,700,001 | $74,700,001 | $0 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $385,814,685 | 43% |
| Program service revenue | $514,012,821 | 57% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $869,490,833 | 97% |
| Management & general | $30,531,333 | 3% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 57% of total revenue in FY2024.
- Program services accounted for 97% of functional expenses, management & general 3%, and fundraising 0%.
- 97% of functional expenses went to program services in FY2024.
- Net assets covered about -1.5 months of expenses at the end of the reporting year.
- Total revenue rose from $74,700,001 in FY2011 to $900,022,959 in FY2024, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2023).
- Net assets declined from $0 to -$115,694,637 between FY2011 and FY2024.
- Contributions and grants made up 0% of revenue in FY2011 and 43% in FY2024.
- Donations may be deductible (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO SERVE AS THE PHYSICIAN SERVICES COMPONENT OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK & TO THEREBY PROMOTE, SUPPORT & FURTHER THE CHARITABLE PURPOSES, PROGRAMS & SERVICES OF HMH HOSPITALS CORP.
IRS status
| Ruling year | 1999 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Donations | Donations may be deductible (supporting organization, type unspecified). |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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