Baystate Health Foundation Inc

Analysis

Baystate Health Foundation Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in March 2001, 25 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, Baystate Health Foundation Inc reported income of $19.2m and spending of $8.5m, leaving 56% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.3m to $19.2m (+107%), an average of +20% a year. The sharpest change came in the year to September 2022, when income rose by 203%. Over the whole period it spent 53% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baystate Health Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Hudson Valley Care Coalition Inc ($19.2m), Scott & White Healthcare Foundation ($19.3m) and Mi Nursing-Restorative Center Inc ($19.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 11% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $158.2m against liabilities of $3.5m, net assets of $154.8m. It reported 29 employees.