CHMC Surgical Foundation Inc

Analysis

CHMC Surgical Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1983, 43 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 September 2023, CHMC Surgical Foundation Inc reported income of $59.9m and spending of $42.4m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $35.1m to $59.9m (+71%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 76%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, CHMC Surgical Foundation Inc sits at the 94th percentile: it is larger than about 94% 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 Uphams Corner Health Committee Inc ($59.8m), Community Hospital Association ($60.0m) and Springfield Hospital Inc ($59.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $9.7m (23% of expenses). Other salaries and wages came to $19.1m. At year end it held assets of $95.4m against liabilities of $23.3m, net assets of $72.1m. It reported 31 employees.