Metro Health Foundation of Massachusetts Inc

Analysis

Metro Health Foundation of Massachusetts Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in September 1997, 29 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 December 2023, Metro Health Foundation of Massachusetts Inc reported income of $13.2m and spending of $13.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $13.2m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2020, when income rose by 21%. 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, Metro Health Foundation of Massachusetts Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Newman Memorial Hospital Inc ($13.2m), Willowood of Great Barrington Inc ($13.2m) and Family and Medical Counseling Service Inc ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $67k (0.5% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $2.9m against liabilities of $2.5m, net assets of $392k. It reported 186 employees.