UMASS MEMORIAL HEALTH-MILFORD REGIONAL MEDICAL CENTER INC
MILFORD, MA 01757 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $292,776,405 | $301,549,614 | $77,071,703 |
| FY2023 | $296,685,780 | $294,602,019 | $92,178,308 |
| FY2022 | $279,463,994 | $272,941,906 | $99,397,311 |
| FY2021 | $246,949,758 | $251,346,854 | $119,374,050 |
| FY2020 | $231,973,056 | $226,079,379 | $127,805,549 |
| FY2019 | $234,992,582 | $218,946,361 | $124,969,562 |
| FY2018 | $223,131,839 | $213,496,455 | $121,961,911 |
| FY2017 | $218,538,907 | $206,384,003 | $120,524,959 |
| FY2016 | $206,246,567 | $206,846,013 | $116,950,473 |
| FY2015 | $203,999,102 | $192,231,159 | $121,617,587 |
| FY2014 | $197,425,177 | $181,970,243 | $115,430,981 |
| FY2013 | $187,757,615 | $176,220,228 | $104,683,023 |
| FY2012 | $212,591,198 | $190,286,579 | $96,690,181 |
| FY2011 | $196,043,438 | $184,505,878 | $77,729,032 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,176,278 | 0% |
| Program service revenue | $280,217,468 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $256,622,609 | 85% |
| Management & general | $44,103,633 | 15% |
| Fundraising | $823,372 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 15%, and fundraising 0%.
- 85% of functional expenses went to program services in FY2024. That is higher than 37.3% of 177 Health Care organizations in MA.
- Net assets covered about 3.1 months of expenses at the end of the reporting year. That puts it in the 24th percentile among 625 Health Care organizations in MA.
- Total revenue was higher than 94.1% of 656 Health Care organizations in MA.
- Total revenue rose from $196,043,438 in FY2011 to $292,776,405 in FY2024, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2016, FY2021, FY2024).
- The highest revenue on record here is $296,685,780 in FY2023.
- Net assets declined from $77,729,032 to $77,071,703 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
UMass Memorial Health - Milford Regional Medical Center Inc's mission statement is to provide quality healthcare services to our community with dignity, compassion, and respect.
IRS status
| Ruling year | 2000 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in MA) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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