Tufts Medical Center Parent Inc

Analysis

Tufts Medical Center Parent Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Tufts Medical Center Parent Inc reported income of $464k and spending of $952k, spending 205% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $464k (-55%), an average of -18% a year. The sharpest change came in the year to September 2023, when income dropped by 57%. 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, Tufts Medical Center Parent Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Foundation for Ucp of Greater Sacramento ($464k), Norfolk Community Health Center Inc ($464k) and Southeastern Colorado Area Health Edctn Ctr for Rural Co Health Inc ($464k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $495k. At year end it held assets of $8.1m against liabilities of $399k, net assets of $7.7m. It reported 13 employees.