Baystate Wing Hospital Corporation

Analysis

Baystate Wing Hospital Corporation is a registered charity in United States, based in Palmer, MA. It received its IRS tax-exemption ruling in May 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 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, Baystate Wing Hospital Corporation reported income of $106.3m and spending of $108.2m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $86.2m to $106.3m (+23%), an average of +5.4% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baystate Wing Hospital Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Methodist Healthcare-Olive Branch Hospital ($106.1m), Ronald McDonald House Global ($106.3m) and Positive Impact Health Centers Inc ($106.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $262k (0.2% of expenses). Other salaries and wages came to $36.3m. At year end it held assets of $89.5m against liabilities of $63.7m, net assets of $25.8m. It reported 876 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.