UMASS MEMORIAL HEALTH CARE INC

WORCESTER, MA, 01608-1442 (508) 334-0496 Est. 1998 EIN 04-3358566
E110— Health Care Form 990 501(c)(3)
umassmemorialhealthcare.org

Mission

UMASS MEMORIAL HEALTH CARE, INC. IS COMMITTED TO IMPROVING THE HEALTH OF THE PEOPLE OF CENTRAL NEW ENGLAND THROUGH EXCELLENCE IN CLINICAL CARE, SERVICES, TEACHING, AND RESEARCH.

Giving Portfolio

Total Grants
82
Total Giving
$11.2M
Recipients
81
Years Active
2017 - 2023
Avg grant: $118,207 Median: $19,750

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202317$5.5M $326K79
202212$371K $31K48
202113$436K $34K67
202013$1.5M $112K76
20198$190K $24K17
201811$2.9M $266K65
20178$278K $35K80

Sectors Funded

Health Care
16
Philanthropy & Grantmaking
13
Human Services
8
Crime & Legal-Related
7
Environment
6
Arts, Culture & Humanities
4
Education
3
Social Science
2
and 4 more sectors

Top States

Massachusetts
80
Rhode Island
1
District of Columbia
1

Grantee Size Profile

$1M - $5M
14
$10M - $50M
13
$5M - $10M
13
Under $100K
8
Over $50M
3
$100K - $500K
1
$500K - $1M
1

Top Grantees

University of MA Medical School
MA - 2 grants
$2.6M
City of Worcester
MA - 7 grants
$1.8M
$270K
UMass Chan Medical School
MA - 3 grants
$163K
$151K
and 15 more grantees

Grants Awarded · 68 grants

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Financials

Total Revenue
$692,531,729
Total Expenses
$684,274,355
Net Assets
$974,518,004
2,427 employees 22 volunteers
From latest filing (tax period ending 2024-09-30)

Financial Health

Operating Reserve
17.1 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 22.9%
Expenses ↑ 27.0%
Revenue Sources
Contributions 7.0% Earned revenue 87.2% Investment 5.7%
Expense Breakdown
Program 87.7% Management 11.8% Fundraising 0.5%

Officers & Trustees (56)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2023 Form 990$692,531,729 $684,274,355$974,518,004
2022 Form 990$563,656,357 $538,975,429$693,439,669
2021 Form 990$486,009,918 $517,187,036$563,245,730
2020 Form 990$457,890,056 $446,806,062$447,436,500
2019 Form 990$410,243,999 $398,486,852$255,674,658
2018 Form 990$399,681,870 $395,288,746$527,666,223
2017 Form 990$412,349,603 $360,364,061$477,522,064

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EIN: 04-3358566 · Source: IRS Form 990 e-file data