MGB Pooled Holdings LLC

Analysis

MGB Pooled Holdings LLC is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in December 2017, 9 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 i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, MGB Pooled Holdings LLC reported income of $272.8m and spending of $508.5m, spending 186% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.44bn to $272.8m (-81%), an average of -34% a year. The sharpest change came in the year to September 2020, when income rose by 99%. Over the whole period it spent 36% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, MGB Pooled Holdings LLC sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Goshen Hospital Association Inc ($272.8m), New York Queens Medicine and Surgery PC ($273.0m) and El Rio Santa Cruz Neighborhood Health Center Inc ($271.8m).

At year end it held assets of $13.91bn against liabilities of $0, net assets of $13.91bn.