Umass Memorial Health-Milford Regional Medical Center Inc

Analysis

Umass Memorial Health-Milford Regional Medical Center Inc is a registered charity in United States, based in Milford, 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 2023, Umass Memorial Health-Milford Regional Medical Center Inc reported income of $296.7m and spending of $294.6m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $235.0m to $296.7m (+26%), an average of +6.0% a year. Over the whole period it spent 98% 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-Milford Regional Medical Center 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 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Sun River Health Inc ($296.6m), St Elizabeths Hospital of the Hospital Sisters of the Third Orde ($297.2m) and Lodi Memorial Hospital Association Inc ($296.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.2m (0.4% of expenses). Other salaries and wages came to $118.9m. At year end it held assets of $240.5m against liabilities of $148.4m, net assets of $92.2m. It reported 2,117 employees.