New England Baptist Hospital

Analysis

New England Baptist Hospital is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in April 1923, 103 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, New England Baptist Hospital reported income of $232.4m and spending of $241.3m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $248.2m to $232.4m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to September 2021, when income rose by 18%. 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, New England Baptist Hospital sits at the 97th percentile: it is larger than about 97% 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 Hays Medical Center Inc ($231.6m), Aspirus Rhinelander & Tomahawk Hospitals & Clinics Inc ($232.5m) and Warren Clinic Inc ($231.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $879k (0.4% of expenses). Other salaries and wages came to $73.8m. It paid $19k in professional fundraising fees. At year end it held assets of $282.8m against liabilities of $95.8m, net assets of $187.0m. It reported 1,365 employees.