Edgar P Benjamin Healthcare Center Inc

Analysis

Edgar P Benjamin Healthcare Center Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edgar P Benjamin Healthcare Center Inc reported income of $10.6m and spending of $11.3m, spending 107% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $11.7m to $10.6m (-9.4%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Edgar P Benjamin Healthcare Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Council on Chemical Abuse Inc ($10.6m), Viecare Armstrong LLC ($10.6m) and Translational Pulmonary and Immunology Research Center ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $389k (3.5% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $5.1m against liabilities of $7.4m, net assets of -$2.4m. It reported 139 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.