Rwj Barnabas Health Inc: $7.1B Revenue, $5.6B Program Expenses
Oceanport, New Jersey · EIN 851296795 · Filing year 2023
Rwj Barnabas Health Inc reported $7.1B in total revenue, $7.2B in total expenses, and $9.0B in total assets on its 2023 IRS Form 990. 78.0% of expenses ($5.6B) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: A (85/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $7.1B
- Total Expenses
- $7.2B
- Program Expenses
- $5.6B
- Program Expense Ratio
- 78.0%
- Total Assets
- $9.0B
- Reserve Months
- 15.1 months
- EIN
- 851296795
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
Rwj Barnabas Health Inc earns an A on the nonprofit efficiency rubric — a top-tier rating that reflects strong program-spending ratios, reasonable executive compensation, and stable financial reserves. The composite score of 85/100 places it in the upper bracket of U.S. tax-exempt organizations.
On revenue, Rwj Barnabas Health Inc is among the largest U.S. nonprofits: $7.1B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.
Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Rwj Barnabas Health Inc reported $7.1B in 2023, up notably from the start of the window. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Rwj Barnabas Health Inc is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. Revenue-to-program ratios in this category often look different from smaller-program nonprofits because the underlying operations are capital-intensive.
How Rwj Barnabas Health Inc Compares
Rwj Barnabas Health Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 85/100 is 4 points above the Health category average. The organization holds 15.1 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Rwj Barnabas Health Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Rwj Barnabas Health Inc has an Efficiency Score of A (85/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Rwj Barnabas Health Inc, Donor FAQ
Rwj Barnabas Health Inc has an Efficiency Score of A (85/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Rwj Barnabas Health Inc is not reported in the most recent IRS 990 filing on file.
Rwj Barnabas Health Inc reported $7.1B in annual revenue and $7.2B in total expenses for filing year 2023. The organization holds $9.0B in total assets.
For every dollar donated to Rwj Barnabas Health Inc, approximately 78.0 cents goes to program activities. The organization has 15.1 months of operating reserves, providing financial stability to sustain its mission.
Rwj Barnabas Health Inc is a registered 501(c) organization with EIN 851296795, based in Oceanport, New Jersey. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.