Beth Israel Deaconess Medical Center Inc

Analysis

Beth Israel Deaconess Medical Center Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in November 1938, 88 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, Beth Israel Deaconess Medical Center Inc reported income of $2.69bn and spending of $2.57bn, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.95bn to $2.69bn (+38%), an average of +8.4% 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, Beth Israel Deaconess Medical Center Inc sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Rush University Medical Center ($2.66bn), Christiana Care Health Services Inc ($2.70bn) and Miltons S Hershey Medical Center ($2.65bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $2.9m (0.1% of expenses). Other salaries and wages came to $727.3m. It paid $162k in professional fundraising fees. At year end it held assets of $3.11bn against liabilities of $1.65bn, net assets of $1.46bn. It reported 14,047 employees.