Winchester Hospital

Analysis

Winchester Hospital is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in March 2015, 11 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, Winchester Hospital reported income of $356.2m and spending of $343.3m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $287.8m to $356.2m (+24%), an average of +5.5% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Winchester 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 Hunterdon Medical Center ($355.9m), Physicians of University Hospital PC ($356.3m) and Cook Childrens Health Care System ($355.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.4m (0.4% of expenses). Other salaries and wages came to $125.0m. At year end it held assets of $484.6m against liabilities of $130.0m, net assets of $354.6m. It reported 2,746 employees.