Umass Memorial Health Care Inc

Analysis

Umass Memorial Health Care Inc is a registered charity in United States, based in Southbridge, MA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2021, Umass Memorial Health Care Inc reported income of $159.1m and spending of $143.4m, spending 90% of its income. Across the 3 years on record, from September 2019 to September 2021, income grew from $146.6m to $159.1m (+8.5%), an average of +4.2% 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, Umass Memorial Health Care Inc 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 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Craig Hospital ($159.0m), Montage Health ($159.1m) and Fayette Physician Network Inc ($159.0m).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 4.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $3.2m (2.2% of expenses). Other salaries and wages came to $62.7m. At year end it held assets of $149.8m against liabilities of $69.2m, net assets of $80.6m. It reported 1,642 employees.