Harvard Pilgrim Health Care Inc: $2.2B Revenue, $1.8B Program Expenses
Boston, Massachusetts · EIN 042452600 · Filing year 2023
Harvard Pilgrim Health Care Inc reported $2.2B in total revenue, $2.3B in total expenses, and $1.1B in total assets on its 2023 IRS Form 990. 78.0% of expenses ($1.8B) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (74/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $2.2B
- Total Expenses
- $2.3B
- Program Expenses
- $1.8B
- Program Expense Ratio
- 78.0%
- Total Assets
- $1.1B
- Reserve Months
- 5.9 months
- EIN
- 042452600
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
Harvard Pilgrim Health Care Inc grades a B on the nonprofit efficiency rubric. 74/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.
Harvard Pilgrim Health Care Inc operates at corporate scale — $2.2B 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). Harvard Pilgrim Health Care Inc directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Revenue trend is mildly positive across the five-year filing window — modest growth, consistent with stable funding sources keeping pace with organizational costs. 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. Harvard Pilgrim Health Care Inc 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.
How Harvard Pilgrim Health Care Inc Compares
Harvard Pilgrim Health Care Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 74/100 is 7 points below the Health category average. The organization holds 5.9 months of operating reserves.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Harvard Pilgrim Health Care Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Harvard Pilgrim Health Care Inc has an Efficiency Score of B (74/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Harvard Pilgrim Health Care Inc, Donor FAQ
Harvard Pilgrim Health Care Inc has an Efficiency Score of B (74/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Harvard Pilgrim Health Care Inc is not reported in the most recent IRS 990 filing on file.
Harvard Pilgrim Health Care Inc reported $2.2B in annual revenue and $2.3B in total expenses for filing year 2023. The organization holds $1.1B in total assets.
For every dollar donated to Harvard Pilgrim Health Care Inc, approximately 78.0 cents goes to program activities. The organization has 5.9 months of operating reserves, providing financial stability to sustain its mission.
Harvard Pilgrim Health Care Inc is a registered 501(c) organization with EIN 042452600, based in Boston, Massachusetts. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Health Nonprofits
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.