Berkshire Medical Center Inc

Analysis

Berkshire Medical Center Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in January 1984, 42 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, Berkshire Medical Center Inc reported income of $700.9m and spending of $638.7m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $548.0m to $700.9m (+28%), an average of +6.3% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Berkshire Medical Center Inc sits at the 99th percentile: it is larger than about 99% of them. 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 Union Hospital Inc ($699.8m), SMDC Medical Center ($701.8m) and Saint Francis Medical Center ($698.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.5m (0.2% of expenses). Other salaries and wages came to $227.6m. At year end it held assets of $759.5m against liabilities of $223.0m, net assets of $536.5m. It reported 3,720 employees.