Sancta Maria Hospital Inc

Analysis

Sancta Maria Hospital Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 December 2023, Sancta Maria Hospital Inc reported income of $21.3m and spending of $20.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.6m to $21.3m (+28%), an average of +6.4% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sancta Maria Hospital Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Union Gospel Mission of Tarrant County ($21.2m), Midwest Reliability Organization Inc ($21.3m) and Laboure College of Healthcare ($21.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $319k (1.6% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $17.2m against liabilities of $6.5m, net assets of $10.7m. It reported 258 employees.