Baystate Noble Hospital Corporation

Analysis

Baystate Noble Hospital Corporation is a registered charity in United States, based in Westfield, MA. It received its IRS tax-exemption ruling in January 1987, 39 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 Noble Hospital Corporation reported income of $84.8m and spending of $81.0m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $55.3m to $84.8m (+53%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 26%. 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 Noble 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 Elica Health Centers ($84.7m), Russell Hospital Corporation ($84.8m) and Augusta Medical Group ($84.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $273k (0.3% of expenses). Other salaries and wages came to $32.8m. At year end it held assets of $42.8m against liabilities of $17.6m, net assets of $25.2m. It reported 767 employees.