Massachusetts Health Data Consortium Inc

Analysis

Massachusetts Health Data Consortium Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in October 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Massachusetts Health Data Consortium Inc reported income of $5.9m and spending of $6.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $958k to $5.9m (+511%), an average of +57% a year. The sharpest change came in the year to December 2021, when income rose by 241%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Health Data Consortium Inc 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 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Waianae Coast Community Mental Health Center Inc ($5.9m), United Pioneer Home Inc ($5.9m) and Casco Area Workshop Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $973k (16% of expenses). Other salaries and wages came to $63k. At year end it held assets of $2.0m against liabilities of $1.1m, net assets of $883k. It reported 7 employees.