New England Deaconess Association

Analysis

New England Deaconess Association is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in September 1939, 87 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, New England Deaconess Association reported income of $52.4m and spending of $48.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $44.8m to $52.4m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 96% 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 Deaconess Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Colorado Health Benefit Exchange ($52.4m), Moab Valley Healthcare Inc ($52.4m) and Gateway Rehabilitation Center ($52.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.5m (3.2% of expenses). Other salaries and wages came to $22.9m. At year end it held assets of $171.2m against liabilities of $178.5m, net assets of -$7.3m. It reported 754 employees.