HEALTH NEW ENGLAND & SUBSIDIARIES
SPRINGFIELD, MA 01144 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $995,624,746 | $975,203,492 | $81,458,052 |
| FY2023 | $990,780,932 | $1,016,731,021 | $64,661,881 |
| FY2022 | $930,545,645 | $923,558,117 | $91,919,019 |
| FY2021 | $871,340,973 | $882,663,336 | $92,909,850 |
| FY2020 | $777,982,397 | $761,123,391 | $110,519,208 |
| FY2019 | $732,351,554 | $729,854,974 | $88,487,499 |
| FY2018 | $773,860,706 | $767,383,113 | $80,863,830 |
| FY2017 | $900,480,353 | $879,604,116 | $83,923,602 |
| FY2016 | $933,880,671 | $912,375,144 | $57,459,954 |
| FY2015 | $900,956,334 | $922,549,521 | $40,108,871 |
| FY2014 | $594,076,260 | $600,754,248 | $47,982,467 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $981,873,894 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $882,255,451 | 90% |
| Management & general | $92,948,041 | 10% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2024. That is higher than 63.3% of 177 Health Care organizations in MA.
- Net assets covered about 1 month of expenses at the end of the reporting year. That puts it in the 16th percentile among 625 Health Care organizations in MA.
- Total revenue was higher than 97.7% of 656 Health Care organizations in MA.
- Total revenue rose from $594,076,260 in FY2014 to $995,624,746 in FY2024, Revenue increased in 7 and decreased in 3 of 10 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 11 reported years (FY2014, FY2015, FY2021, FY2023).
- Net assets grew from $47,982,467 to $81,458,052 between FY2014 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
IRS status
| Ruling year | 2015 |
| Subsection | 501(c)(4) |
| Program area (NTEE) | E310 — Health Care (in MA) |
Similar organizations
- SOUTH SHORE HOSPITAL INC — S WEYMOUTH, MA · $922,456,045
- BETH ISRAEL LAHEY HEALTH INC HCSR — CHARLESTOWN, MA · $887,934,789
- BERKSHIRE MEDICAL CENTER INC — PITTSFIELD, MA · $824,846,269
- HARVARD MEDICAL FACULTY PHYS AT BETH ISRAEL DEACONESS MED CTR INC — BOSTON, MA · $809,798,771
- CAPE COD HEALTHCARE INC — HYANNIS, MA · $1,190,796,411
- UMASS MEMORIAL HEALTH CARE INC — WORCESTER, MA · $790,607,985
- NORTHEAST HOSPITAL CORPORATION — CHARLESTOWN, MA · $708,805,250
- THE LOWELL GENERAL HOSPITAL — LOWELL, MA · $666,423,848
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.