UMASS MEMORIAL HEALTH CARE INC
100 FRONT ST STE 200, WORCESTER, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $790,607,985 | $751,182,585 | $1,149,322,867 |
| FY2024 | $692,531,729 | $684,274,355 | $974,518,004 |
| FY2023 | $563,656,357 | $538,975,429 | $693,439,669 |
| FY2022 | $486,009,918 | $517,187,036 | $563,245,730 |
| FY2021 | $457,890,056 | $446,806,062 | $447,436,500 |
| FY2020 | $410,243,999 | $398,486,852 | $255,674,658 |
| FY2019 | $399,681,870 | $395,288,746 | $527,666,223 |
| FY2018 | $412,349,603 | $360,364,061 | $477,522,064 |
| FY2017 | $281,818,003 | $251,018,368 | $487,241,925 |
| FY2016 | $222,310,564 | $221,258,013 | $317,765,779 |
| FY2015 | $202,996,073 | $177,704,781 | $244,277,556 |
| FY2014 | $229,817,014 | $210,037,099 | $243,830,048 |
| FY2013 | $209,952,952 | $227,226,308 | $168,330,329 |
| FY2012 | $194,893,200 | $221,453,895 | $118,963,921 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $44,794,118 | 6% |
| Program service revenue | $690,141,526 | 94% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $679,786,052 | 90% |
| Management & general | $68,746,382 | 9% |
| Fundraising | $2,650,151 | 0% |
What the numbers show
- Program service revenue made up 94% of total revenue in FY2025.
- Program services accounted for 90% of functional expenses, management & general 9%, and fundraising 0%.
- 91% of functional expenses went to program services in FY2025. That is higher than 63.8% of 177 Health Care organizations in MA.
- Net assets covered about 18.4 months of expenses at the end of the reporting year. That puts it in the 65th percentile among 625 Health Care organizations in MA.
- Total revenue was higher than 97.3% of 656 Health Care organizations in MA.
- Total revenue rose from $194,893,200 in FY2012 to $790,607,985 in FY2025, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2012, FY2013, FY2022).
- Net assets grew from $118,963,921 to $1,149,322,867 between FY2012 and FY2025.
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 SUPPORT, DEVELOP AND COORDINATE AN INTEGRATED HEALTH CARE DELIVERY SYSTEM THAT INCLUDES MULTIPLE HEALTH CARE FACILITIES AND PROVIDERS. TO RECEIVE IN TRUST, FROM WHATEVER SOURCE, AND ADMINISTER GIFTS AND GRANTS, WHETHER RESTRICTED OR FOR A SPECIFIC PURPOSE.
IRS status
| Ruling year | 2000 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E110 — 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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