MELROSEWAKEFIELD HEALTHCARE INC
170 GOVERNORS AVE, MEDFORD, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $287,398,934 | $285,695,951 | $131,844,949 |
| FY2024 | $267,639,874 | $280,631,450 | $125,874,734 |
| FY2023 | $336,322,410 | $286,401,935 | $61,565,496 |
| FY2022 | $249,297,940 | $308,860,327 | $125,093,344 |
| FY2021 | $268,442,770 | $245,540,701 | $192,083,116 |
| FY2020 | $253,170,701 | $231,079,367 | $179,898,497 |
| FY2019 | $249,458,051 | $227,360,595 | $178,310,605 |
| FY2018 | $255,502,455 | $233,537,537 | $150,351,664 |
| FY2017 | $271,253,979 | $260,827,947 | $155,958,448 |
| FY2016 | $264,947,420 | $265,652,372 | $155,438,696 |
| FY2015 | $270,871,367 | $256,791,114 | $164,843,426 |
| FY2014 | $265,794,872 | $251,080,146 | $177,914,430 |
| FY2013 | $270,950,655 | $257,108,052 | $169,994,726 |
| FY2012 | $295,432,923 | $271,682,687 | $149,835,952 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $11,718,969 | 4% |
| Program service revenue | $271,518,814 | 96% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $228,253,005 | 80% |
| Management & general | $57,442,946 | 20% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 96% of total revenue in FY2025.
- Program services accounted for 80% of functional expenses, management & general 20%, and fundraising 0%.
- 80% of functional expenses went to program services in FY2025. That is higher than 20.9% of 177 Health Care organizations in MA.
- Net assets covered about 5.5 months of expenses at the end of the reporting year. That puts it in the 34th percentile among 625 Health Care organizations in MA.
- Total revenue was higher than 93.9% of 656 Health Care organizations in MA.
- Total revenue fell from $295,432,923 in FY2012 to $287,398,934 in FY2025, Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2016, FY2022, FY2024).
- The highest revenue on record here is $336,322,410 in FY2023.
- Net assets declined from $149,835,952 to $131,844,949 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
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
TO OPERATE HOSPITALS ON TWO CAMPUSES (ONE WITH 24 HOUR ER SERVICES) ALONG WITH A HOSPITAL SCHOOL OF NURSING. MELROSEWAKEFIELD HEALTHCARE PROVIDES INPATIENT AND OUTPATIENT MEDICAL CARE AND ANCILLARY MEDICAL SERVICES AND TESTING.
IRS status
| Ruling year | 1999 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E22 — Health Care (in MA) |
| Donations | Donations are generally tax-deductible (public charity). |
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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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