Boston Medical Center Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,881,143,991 | 1,782,658,647 | 98,485,344 | 8.9 | 30% |
| 2021 | 1,975,432,734 | 1,916,457,480 | 58,975,254 | 8.9 | 31% |
| 2022 | 2,141,060,598 | 2,128,452,782 | 12,607,816 | 7.1 | 29% |
| 2023 | 2,380,282,356 | 2,418,812,155 | −38,529,799 | 6.2 | 32% |
In its most recent public year (2023), this organization spent $38,529,799 more than it brought in. Its reserves stood at about 6.2 months of spending, down from 8.9 in 2020. Staff pay was 32% of spending. $357,928,600 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
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