Winchester Hospital Foundation Inc

Analysis

Winchester Hospital Foundation Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in March 2015, 11 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, Winchester Hospital Foundation Inc reported income of $1.7m and spending of $2.6m, spending 153% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.1m to $1.7m (-45%), an average of -14% a year. The sharpest change came in the year to September 2020, when income dropped by 36%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Winchester Hospital Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Southern Region Emergency Medical Services Council Inc ($1.7m), Seager Memorial Clinic ($1.7m) and Porterville Halfway House ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $6,114. At year end it held assets of $17.1m against liabilities of $3.5m, net assets of $13.6m.