Mass General Brigham Incorporated

Analysis

Mass General Brigham Incorporated is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in November 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mass General Brigham Incorporated reported income of $2.05bn and spending of $2.15bn, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $923.8m to $2.05bn (+122%), an average of +22% a year. The sharpest change came in the year to September 2020, when income rose by 136%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mass General Brigham Incorporated 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 Childrens Mercy Hospital ($2.04bn), Northwestern Memorial Healthcare ($2.06bn) and Cooper Health System a New Jersey Non-Profit Corporation ($2.04bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $34.4m (1.6% of expenses). Other salaries and wages came to $604.9m. At year end it held assets of $9.38bn against liabilities of $7.75bn, net assets of $1.63bn. It reported 8,968 employees.