Hackensack Meridian Health Inc
One Wellbrook Pl 7th Fl, Iselin, NJ · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $271,269,165 | $99,861,149 | $1,240,575,784 |
| FY2023 | $60,482,688 | $81,092,608 | $422,614,673 |
| FY2022 | $89,245,237 | $57,961,144 | -$338,484,287 |
| FY2021 | $570,011,580 | $85,867,136 | $1,045,747,317 |
| FY2020 | $151,034,525 | $77,696,166 | $526,830,882 |
| FY2019 | $139,229,384 | $63,244,617 | $132,502,761 |
| FY2018 | $209,349,249 | $47,131,958 | -$67,082,360 |
| FY2017 | $52,889,469 | $47,026,600 | $13,799,808 |
| FY2016 | $14,326,115 | $21,412,204 | -$2,350,390 |
| FY2015 | $2,564,767 | $8,207,551 | $9,019,890 |
| FY2014 | $5,918,192 | $8,777,428 | -$827,535 |
| FY2013 | -$3,277,003 | $2,823,942 | $19,762,881 |
| FY2012 | $1,290,327 | $1,166,366 | $55,271,583 |
| FY2011 | $60,792 | $3,328,489 | $56,497,622 |
Form 990 filings
The returns filed by Hackensack Meridian Health Inc (EIN 22-3474145), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $95,680,427 | 35% |
| Program service revenue | $41,476,901 | 15% |
| Other revenue | $134,111,837 | 49% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $99,636,790 | 100% |
| Management & general | $224,359 | <1% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 49% of total revenue in FY2024.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2024. That is higher than 96.6% of 88 Health Care organizations in NJ.
- Net assets covered about 149.1 months of expenses at the end of the reporting year. That puts it in the 93rd percentile among 551 Health Care organizations in NJ.
- Total revenue was higher than 95.4% of 582 Health Care organizations in NJ.
- Total revenue rose from $60,792 in FY2011 to $271,269,165 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2011, FY2013, FY2014, FY2015, FY2016, FY2023).
- The highest revenue on record here is $570,011,580 in FY2021.
- Net assets grew from $56,497,622 to $1,240,575,784 between FY2011 and FY2024.
- Contributions and grants made up 0% of revenue in FY2011 and 35% in FY2024.
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
THE ORGANIZATION IS COMMITTED TO PROVIDING THE FULL SPECTRUM OF LIFE ENHANCING CARE AND SERVICES TO CREATE AND SUSTAIN HEALTHY, VIBRANT COMMUNITIES.
IRS status
| Ruling year | 2002 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E210 — Health Care (in NJ) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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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