Baystate Franklin Medical Center

Analysis

Baystate Franklin Medical Center is a registered charity in United States, based in Greenfield, MA. It received its IRS tax-exemption ruling in December 1993, 33 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, Baystate Franklin Medical Center reported income of $128.5m and spending of $128.2m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $106.1m to $128.5m (+21%), an average of +4.9% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baystate Franklin Medical Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Valley Health System Inc ($128.5m), Arkansas Childrens Northwest Inc ($128.7m) and Niagara Falls Memorial Medical Center ($128.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $440k (0.3% of expenses). Other salaries and wages came to $41.6m. At year end it held assets of $84.5m against liabilities of $40.4m, net assets of $44.1m. It reported 916 employees.