Northeast Hospital Corporation

Analysis

Northeast Hospital Corporation is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in January 1934, 92 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, Northeast Hospital Corporation reported income of $464.7m and spending of $441.0m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $392.1m to $464.7m (+19%), an average of +4.3% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northeast Hospital Corporation 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 Yavapai Community Hospital Association ($464.1m), Baltimore Washington Medical Center Inc ($465.1m) and John D Archbold Memorial Hospital Inc ($462.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.3m (0.3% of expenses). Other salaries and wages came to $161.3m. It paid $42k in professional fundraising fees. At year end it held assets of $456.9m against liabilities of $156.8m, net assets of $300.1m. It reported 2,955 employees.