Fallon Community Health Plan Inc

Analysis

Fallon Community Health Plan Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in March 1976, 50 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fallon Community Health Plan Inc reported income of $1.75bn and spending of $1.82bn, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.58bn to $1.75bn (+11%), an average of +2.6% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fallon Community Health Plan Inc sits at the 100th percentile: it is one of the largest 1% in its cause. 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 St Josephs Hospital Inc ($1.75bn), Baystate Medical Center Inc ($1.75bn) and Geisinger Clinic ($1.75bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $6.3m (0.3% of expenses). Other salaries and wages came to $84.1m. At year end it held assets of $759.6m against liabilities of $543.6m, net assets of $216.1m. It reported 1,407 employees.