Heywood Medical Group Inc

Analysis

Heywood Medical Group Inc is a registered charity in United States, based in Gardner, MA. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover mental health and crisis intervention, 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, Heywood Medical Group Inc reported income of $8.2m and spending of $12.6m, spending 153% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.8m to $8.2m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to September 2021, when income rose by 222%. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heywood Medical Group Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Scranton Primary Health Care Center Inc ($8.2m), Sunflower Foundation Health Care for Kansans ($8.2m) and Football Research Inc ($8.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.8m (14% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $5.8m against liabilities of $6.7m, net assets of -$857k. It reported 436 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.