Anna Jaques Hospital

Analysis

Anna Jaques Hospital is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in February 1941, 85 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, Anna Jaques Hospital reported income of $149.5m and spending of $163.2m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $136.9m to $149.5m (+9.1%), an average of +2.2% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anna Jaques Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include National Multiple Sclerosis Society ($149.5m), Lake Region Healthcare Corporation ($149.5m) and Northeast Valley Health Corporation ($149.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.3m (0.8% of expenses). Other salaries and wages came to $57.5m. It paid $7,560 in professional fundraising fees. At year end it held assets of $112.4m against liabilities of $81.2m, net assets of $31.2m. It reported 1,349 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.