Vincent Memorial Hospital Foundation Inc

Analysis

Vincent Memorial Hospital Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1932, 94 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, Vincent Memorial Hospital Foundation Inc reported income of $1.3m and spending of $1.7m, spending 129% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.7m to $1.3m (-52%), an average of -17% a year. The sharpest change came in the year to September 2021, when income rose by 60%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vincent Memorial Hospital Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Sources for Community Independent Living Services ($1.3m), Salem Area Visiting Nurse Association ($1.3m) and Metropolitan Minnesota Council on Graduate Medical Education ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $31.6m against liabilities of $0, net assets of $31.6m.