St Margarets Health Spring Valley

Analysis

St Margarets Health Spring Valley is a registered charity in United States, based in Billerica, MA. It received its IRS tax-exemption ruling in March 1946, 80 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, St Margarets Health Spring Valley reported income of $67.7m and spending of $77.3m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $90.5m to $67.7m (-25%), an average of -7.0% a year. The sharpest change came in the year to September 2023, when income dropped by 28%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Margarets Health Spring Valley sits at the 94th percentile: it is larger than about 94% 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 West Louisiana Health Services Inc ($67.7m), Adventhealth South Overland Park Inc ($67.7m) and Unc Rockingham Health Care Inc ($67.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.3% and program service revenue 94% of the total. Other salaries and wages came to $30.3m. At year end it held assets of $35.4m against liabilities of $28.8m, net assets of $6.6m. It reported 819 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.