Mount Auburn Hospital

Analysis

Mount Auburn Hospital is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in November 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, Mount Auburn Hospital reported income of $366.6m and spending of $390.8m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $349.6m to $366.6m (+4.8%), an average of +1.2% 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, Mount Auburn 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 Suburban Hospital Incorporated ($366.4m), Medstar Health Inc ($366.7m) and Thedacare Inc ($365.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.0m (0.5% of expenses). Other salaries and wages came to $117.4m. It paid $43k in professional fundraising fees. At year end it held assets of $390.5m against liabilities of $203.1m, net assets of $187.4m. It reported 2,287 employees.