Newton Medical Center Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,427,648 | 823,730 | 603,918 | 256.3 | 34% |
| 2012 | 1,860,735 | 793,872 | 1,066,863 | 293.2 | 38% |
| 2013 | 3,778,388 | 4,769,529 | −991,141 | 50.1 | 6% |
| 2014 | 1,861,427 | 967,702 | 893,725 | 264.8 | 32% |
| 2015 | 1,333,325 | 1,365,314 | −31,989 | 182.3 | 22% |
| 2016 | 1,941,492 | 888,756 | 1,052,736 | 309.1 | 35% |
| 2017 | 1,726,499 | 1,726,769 | −270 | 175.9 | 19% |
| 2018 | 1,653,802 | 1,150,978 | 502,824 | 244.7 | 32% |
| 2019 | 2,223,118 | 1,859,099 | 364,019 | 179.8 | 17% |
| 2020 | 1,599,297 | 863,557 | 735,740 | 421.6 | 38% |
| 2021 | 2,802,992 | 1,569,896 | 1,233,096 | 270.5 | 22% |
| 2022 | 1,881,724 | 828,257 | 1,053,467 | 444.8 | 40% |
| 2023 | 2,189,475 | 861,143 | 1,328,332 | 497.2 | 29% |
In its most recent public year (2023), this organization brought in $1,328,332 more than it spent. Its reserves stood at about 497.2 months of spending, up from 256.3 in 2011. Staff pay was 29% of spending. $8,906,986 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Newton Medical Center Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works