Inspira Medical Centers Inc

Organization Overview

Inspira Medical Centers Inc is located in Bridgeton, NJ. The organization was established in 1996. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Inspira Medical Centers Inc employed 8,772 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspira Medical Centers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Inspira Medical Centers Inc generated $960.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $866.7m during the year ending 12/2021. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Inspira Medical Centers Inc has awarded 29 individual grants totaling $558,423. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A SAFE AND COMPASSIONATE EXPERIENCE THAT IMPROVES THE HEALTH AND WELL-BEING OF OUR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES INCURRED IN PROVIDING INPATIENT, OUTPATIENT AND EMERGENCY MEDICALLY NECESSARY SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT (STATEMENT OF PROGRAM SERVICES) WHICH INCLUDES DETAILED INFORMATION REGARDING THE VARIOUS SERVICES PROVIDED BY THIS ORGANIZATION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cooper University Physicians
Medical
$9,201,474
Philips Healthcare
Equip Maintenance
$9,046,263
Morrison Healthcare Inc
Dietary
$6,716,705
Regional Diagnostic Imaging Llc
Radiology
$7,530,628
Quest Diagnostics
Laboratory
$8,344,877
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,818,376
Government grants $13,041,272
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$15,859,648
Total Program Service Revenue$903,808,475
Investment income $24,006,562
Tax Exempt Bond Proceeds $423
Royalties $0
Net Rental Income -$1,711,455
Net Gain/Loss on Asset Sales $16,036,184
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $109,363
Miscellaneous Revenue$0
Total Revenue $960,599,521

Grants Awarded

Over the last fiscal year, Inspira Medical Centers Inc has awarded $78,500 in support to 7 organizations.

Grant RecipientAmount

BOYS AND GIRLS CLUB OF GLOUCESTER COUNTY

Org PageRecipient Profile

Glassboro, NJ

PURPOSE: PROGRAM SUPPORT

$15,000

MARCH OF DIMES INC

Org PageRecipient Profile

Arlington, VA

PURPOSE: PROGRAM SUPPORT

$12,500

FOOD BANK OF SOUTH JERSEY

Org PageRecipient Profile

Pennsauken, NJ

PURPOSE: PROGRAM SUPPORT

$11,000

MAGEE REHABILITATION HOSPITAL

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: PROGRAM SUPPORT

$10,000

SPECIAL OLYMPICS NEW JERSEY INC

Org PageRecipient Profile

Lawrenceville, NJ

PURPOSE: PROGRAM SUPPORT

$10,000

ROWAN COLLEGE OF SOUTH JERSEY

PURPOSE: PROGRAM SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Inspira Medical Centers Inc has recieved totaling $112,633.

Awarding OrganizationAmount
Seabrook Charles Tw Char

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$112,633
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,584,714
Earnings$602,083
Net Contributions$100,433
Other Expense$487,998
Ending Balance$9,799,232

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