C H M C Anesthesia Foundation Inc

Analysis

C H M C Anesthesia Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 September 2023, C H M C Anesthesia Foundation Inc reported income of $161.2m and spending of $146.5m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $122.4m to $161.2m (+32%), an average of +7.1% a year. The sharpest change came in the year to September 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, C H M C Anesthesia Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Mymichigan Medical Center Alma ($160.9m), Nazareth Hospital ($161.7m) and Gundersen Clinic Ltd ($160.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $14.1m (9.6% of expenses). Other salaries and wages came to $73.2m. At year end it held assets of $310.5m against liabilities of $100.3m, net assets of $210.1m. It reported 170 employees.