Tufts Shared Services Inc

Analysis

Tufts Shared Services Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1968, 58 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, Tufts Shared Services Inc reported income of $35.8m and spending of $34.6m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $30.2m to $35.8m (+19%), an average of +4.4% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tufts Shared Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include American Association of Critical Care Nurses ($35.7m), Puget Sound Kidney Centers ($35.8m) and Madison Community Hospital ($35.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $486k (1.4% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $34.0m against liabilities of $6.8m, net assets of $27.2m. It reported 74 employees.