Emerson Hospital

Analysis

Emerson Hospital is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in January 1936, 90 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, Emerson Hospital reported income of $358.7m and spending of $367.3m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $272.1m to $358.7m (+32%), an average of +7.2% a year. The sharpest change came in the year to September 2021, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Emerson Hospital 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 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include St Mary Medical Center Inc ($358.4m), Doylestown Hospital ($360.7m) and Foundation Health LLC ($357.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $9.2m (2.5% of expenses). Other salaries and wages came to $168.7m. At year end it held assets of $293.3m against liabilities of $201.4m, net assets of $92.0m. It reported 2,690 employees.