Harvard Medical Faculty Phys at Beth Israel Deaconess Med Ctr Inc

Analysis

Harvard Medical Faculty Phys at Beth Israel Deaconess Med Ctr Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1988, 38 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 September 2023, Harvard Medical Faculty Phys at Beth Israel Deaconess Med Ctr Inc reported income of $666.6m and spending of $671.5m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $553.1m to $666.6m (+21%), an average of +4.8% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Harvard Medical Faculty Phys at Beth Israel Deaconess Med Ctr Inc sits at the 99th percentile: it is larger than about 99% of them. 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 Health Care LA Ipa ($665.1m), Adena Health System ($670.0m) and Southern Illinois Hospital Services ($664.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $9.7m (1.4% of expenses). Other salaries and wages came to $469.1m. At year end it held assets of $337.6m against liabilities of $150.6m, net assets of $187.0m. It reported 1,610 employees.