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Health · 2023 Form 990

Boston Medical Center Corporation: $2.4B Revenue, $1.9B Program Expenses

Boston, Massachusetts · EIN 043314093 · Filing year 2023

Boston Medical Center Corporation reported $2.4B in total revenue, $2.4B in total expenses, and $2.6B in total assets on its 2023 IRS Form 990. 78.0% of expenses ($1.9B) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: A (84/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

A
Efficiency Score
84/100

Key Facts (2023 Form 990)

Total Revenue
$2.4B
Total Expenses
$2.4B
Program Expenses
$1.9B
Program Expense Ratio
78.0%
Total Assets
$2.6B
Reserve Months
13.1 months
EIN
043314093
Latest 990 Year
2023
Top Officer Compensation
Not reported

Boston Medical Center Corporation earns an A on the nonprofit efficiency rubric — a top-tier rating that reflects strong program-spending ratios, reasonable executive compensation, and stable financial reserves. The composite score of 84/100 places it in the upper bracket of U.S. tax-exempt organizations.

Boston Medical Center Corporation operates at corporate scale — $2.4B in reported 2023 revenue. At over a billion in annual revenue, nonprofits typically run consolidated operations across multiple states or business lines, and the IRS Form 990 reflects a much larger operational footprint than a typical 501(c)(3). Boston Medical Center Corporation directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Five-year revenue trajectory is strongly positive: Boston Medical Center Corporation has grown materially in real terms, which usually signals successful fundraising and program expansion. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Boston Medical Center Corporation is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. Revenue-to-program ratios in this category often look different from smaller-program nonprofits because the underlying operations are capital-intensive.


$2.4B
Revenue
$2.4B
Expenses
$2.6B
Total Assets
78.0%
Program Spending

How Boston Medical Center Corporation Compares

Boston Medical Center Corporation directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 84/100 is 3 points above the Health category average. The organization holds 13.1 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$1.9B
Program Spending
78.0% of expenses
Not reported
CEO Compensation
13.1 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Boston Medical Center Corporation, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Boston Medical Center Corporation has an Efficiency Score of A (84/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Boston Medical Center Corporation, Donor FAQ

Boston Medical Center Corporation has an Efficiency Score of A (84/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Boston Medical Center Corporation is not reported in the most recent IRS 990 filing on file.

Boston Medical Center Corporation reported $2.4B in annual revenue and $2.4B in total expenses for filing year 2023. The organization holds $2.6B in total assets.

For every dollar donated to Boston Medical Center Corporation, approximately 78.0 cents goes to program activities. The organization has 13.1 months of operating reserves, providing financial stability to sustain its mission.

Boston Medical Center Corporation is a registered 501(c) organization with EIN 043314093, based in Boston, Massachusetts. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.