Weeks Medical Center

Analysis

Weeks Medical Center is a registered charity in United States, based in Lancaster, NH. It received its IRS tax-exemption ruling in December 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Weeks Medical Center reported income of $86.9m and spending of $88.1m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $56.3m to $86.9m (+54%), an average of +12% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Weeks Medical Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NH. Charities of a similar size with the same main cause include Medical Services Inc ($86.9m), Mercy Life ($86.9m) and Health Quality Partners of Southern California ($86.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.2m (1.4% of expenses). Other salaries and wages came to $24.7m. At year end it held assets of $71.6m against liabilities of $22.7m, net assets of $48.9m. It reported 433 employees.