Baystate Medical Center Inc

Analysis

Baystate Medical Center Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in June 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 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, Baystate Medical Center Inc reported income of $1.75bn and spending of $1.73bn, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.39bn to $1.75bn (+26%), an average of +6.0% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baystate Medical Center Inc sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Fallon Community Health Plan Inc ($1.75bn), Mercy Hospitals East Communities ($1.76bn) and St Josephs Hospital Inc ($1.75bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.0% and program service revenue 91% of the total. Other salaries and wages came to $577.9m. At year end it held assets of $1.61bn against liabilities of $848.3m, net assets of $759.6m. It reported 10,801 employees.