The Lowell General Hospital

Analysis

The Lowell General Hospital is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in July 1939, 87 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, The Lowell General Hospital reported income of $657.1m and spending of $590.3m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $485.2m to $657.1m (+35%), an average of +7.9% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Lowell General Hospital sits at the 99th percentile: it is larger than about 99% 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 American Cancer Society Inc ($656.8m), Baton Rouge General Medical Center ($663.4m) and Shannon Medical Center ($654.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.6% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $2.6m (0.4% of expenses). Other salaries and wages came to $237.8m. At year end it held assets of $481.2m against liabilities of $390.2m, net assets of $91.0m. It reported 4,655 employees.