Fairview Hospital

Analysis

Fairview Hospital is a registered charity in United States, based in Pittsfield, 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, Fairview Hospital reported income of $101.8m and spending of $82.5m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $62.1m to $101.8m (+64%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fairview Hospital sits at the 95th percentile: it is larger than about 95% 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 Brown Medicine ($101.7m), Emma Pendleton Bradley Hospital ($101.9m) and Covenant Health System ($101.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $265k (0.3% of expenses). Other salaries and wages came to $37.4m. At year end it held assets of $105.1m against liabilities of $19.8m, net assets of $85.3m. It reported 424 employees.