Beth Israel Deaconess Hospital - Needham Inc

Analysis

Beth Israel Deaconess Hospital - Needham Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in August 1994, 32 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, Beth Israel Deaconess Hospital - Needham Inc reported income of $170.8m and spending of $140.0m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $104.9m to $170.8m (+63%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beth Israel Deaconess Hospital - Needham Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Merakey Pennsylvania ($170.6m), Upmc Chautauqua at Wca ($171.3m) and Marietta Health Care Physicians Inc ($170.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $691k (0.5% of expenses). Other salaries and wages came to $53.5m. It paid $6,254 in professional fundraising fees. At year end it held assets of $183.8m against liabilities of $84.9m, net assets of $98.9m. It reported 1,172 employees.