Commonwealth Care Alliance Inc

Analysis

Commonwealth Care Alliance Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Commonwealth Care Alliance Inc reported income of $2.56bn and spending of $2.63bn, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.54bn to $2.56bn (+66%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commonwealth Care Alliance Inc 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 Thomas Jefferson University Hospital ($2.55bn), Lucile Salter Packard Childrens Hospital at Stanford ($2.57bn) and Childrens Healthcare of Atlanta Inc ($2.55bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $6.4m (0.2% of expenses). Other salaries and wages came to $144.7m. At year end it held assets of $1.22bn against liabilities of $1.05bn, net assets of $176.8m. It reported 2,374 employees.