New England Baptist Medical Associates Inc

Analysis

New England Baptist Medical Associates Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in March 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 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, New England Baptist Medical Associates Inc reported income of $9.8m and spending of $14.8m, spending 152% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $12.1m to $9.8m (-19%), an average of -5.2% a year. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New England Baptist Medical Associates Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Fayette Emergency Medical Services ($9.8m), Hemophilia Alliance Group Purchasing Organization Inc ($9.8m) and Greater Flint Health Coalition Inc ($9.8m).

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 $2.3m (15% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $2.7m against liabilities of $7.5m, net assets of -$4.8m. It reported 90 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.