Tufts Medical Center Physicians Organization Inc

Analysis

Tufts Medical Center Physicians Organization Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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 September 2023, Tufts Medical Center Physicians Organization Inc reported income of $335.6m and spending of $389.4m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $271.8m to $335.6m (+23%), an average of +5.4% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tufts Medical Center Physicians Organization 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 CHS Services Inc ($334.3m), University of Regina ($337.4m) and Loyola University Maryland Inc ($334.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12.7m (3.3% of expenses). Other salaries and wages came to $244.4m. At year end it held assets of $71.7m against liabilities of $181.7m, net assets of -$110.0m. It reported 960 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.