Mass General Brigham Incorporated and Affiliates Group RTN

Analysis

Mass General Brigham Incorporated and Affiliates Group RTN is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in November 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mass General Brigham Incorporated and Affiliates Group RTN reported income of $22.73bn and spending of $21.58bn, spending 95% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $15.41bn to $22.73bn (+48%), an average of +14% a year. The sharpest change came in the year to September 2021, 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, Mass General Brigham Incorporated and Affiliates Group RTN 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 Cleveland Clinic Foundation ($15.60bn), Kaiser Foundation Hospitals ($32.79bn) and Mayo Clinic Group Return ($13.97bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $105.2m (0.5% of expenses). Other salaries and wages came to $7.85bn. It paid $2.3m in professional fundraising fees. At year end it held assets of $25.98bn against liabilities of $8.18bn, net assets of $17.80bn. It reported 90,812 employees.