BMC Health System

Analysis

BMC Health System is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, BMC Health System reported income of $299.6m and spending of $292.2m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.6m to $299.6m (+2097%), an average of +116% a year. The sharpest change came in the year to September 2020, when income rose by 1185%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, BMC Health System sits at the 98th percentile: it is larger than about 98% 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 Centracare Clinic ($299.5m), Vidant Medical Group LLC ($301.1m) and Plainview Hospital ($299.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 0.3% of the total. Other salaries and wages came to $123.3m. At year end it held assets of $48.8m against liabilities of $33.5m, net assets of $15.3m.