Medical Care of Boston Management Corporation

Analysis

Medical Care of Boston Management Corporation is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in June 1997, 29 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, Medical Care of Boston Management Corporation reported income of $103.6m and spending of $142.2m, spending 137% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $88.5m to $103.6m (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Care of Boston Management Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Reedsburg Area Medical Center Inc ($103.5m), Frederick Health Medical Group LLC ($103.6m) and Puerto Rican Orgnz to Motivate Enlighten & Serve Addicts Inc ($103.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $82.4m. At year end it held assets of $33.9m against liabilities of $32.8m, net assets of $1.1m. It reported 962 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.