RWJ BARNABAS HEALTH INC
OCEANPORT, NJ 07757 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $7,777,256,607 | $7,328,308,325 | $4,967,902,114 |
| FY2023 | $7,072,464,110 | $7,170,718,931 | $4,237,676,843 |
| FY2022 | $6,409,055,077 | $6,614,337,454 | $3,971,143,810 |
| FY2021 | $5,809,995,362 | $5,769,682,528 | $3,762,171,912 |
| FY2020 | $5,332,417,137 | $5,219,791,212 | $3,601,349,996 |
| FY2019 | $5,123,788,610 | $4,975,110,836 | $3,429,409,147 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $180,989,066 | 2% |
| Program service revenue | $7,559,163,112 | 98% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $6,596,330,991 | 90% |
| Management & general | $731,903,061 | 10% |
| Fundraising | $74,273 | 0% |
What the numbers show
- Program service revenue made up 98% of total revenue in FY2024.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2024. That is higher than 80.7% of 88 Health Care organizations in NJ.
- Net assets covered about 8.1 months of expenses at the end of the reporting year. That puts it in the 38th percentile among 551 Health Care organizations in NJ.
- Total revenue was higher than 100.2% of 582 Health Care organizations in NJ.
- Total revenue rose from $5,123,788,610 in FY2019 to $7,777,256,607 in FY2024, Revenue increased in 5 and decreased in 0 of 5 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 6 reported years (FY2022, FY2023).
- Net assets grew from $3,429,409,147 to $4,967,902,114 between FY2019 and 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
RWJBARNABAS HEALTH IS ADVANCING INNOVATIVE STRATEGIES IN HIGH QUALITY PATIENT CARE, EDUCATION & RESEARCH TO ADDRESS BOTH THE CLINICAL & SOCIAL DETERMINANTS OF HEALTH.
IRS status
| Ruling year | 2020 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E22 — Health Care (in NJ) |
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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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