TUFTS MEDICAL CENTER PARENT INC
800 WASHINGTON STREET BOX 468, BOSTON, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,478,733,790 | $1,416,825,897 | -$124,113,612 |
| FY2024 | $1,379,611,248 | $1,381,312,086 | -$206,779,853 |
| FY2023 | $1,300,641,648 | $1,323,156,428 | $211,426,229 |
| FY2022 | $1,159,688,990 | $1,269,612,025 | $57,965,973 |
| FY2021 | $1,213,600,470 | $1,076,105,831 | $394,876,234 |
| FY2020 | $1,060,495,385 | $1,020,720,026 | $247,023,411 |
| FY2019 | $1,014,827,874 | $979,577,370 | $195,708,884 |
| FY2018 | $943,103,338 | $912,802,312 | $220,535,598 |
| FY2017 | $863,302,028 | $834,490,271 | $170,795,478 |
| FY2016 | $812,077,116 | $787,792,051 | $140,065,739 |
| FY2015 | $743,296,468 | $751,423,738 | $147,883,381 |
| FY2014 | $756,927,180 | $722,308,827 | $180,925,752 |
| FY2013 | $717,265,116 | $693,380,063 | $152,722,971 |
| FY2012 | $717,528,290 | $689,769,708 | $102,279,365 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $55,039,251 | 4% |
| Program service revenue | $1,413,545,455 | 96% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,122,422,216 | 79% |
| Management & general | $292,140,648 | 21% |
| Fundraising | $2,263,033 | 0% |
What the numbers show
- Program service revenue made up 96% of total revenue in FY2025.
- Program services accounted for 79% of functional expenses, management & general 21%, and fundraising 0%.
- 79% of functional expenses went to program services in FY2025.
- Net assets covered about -1.1 months of expenses at the end of the reporting year.
- Total revenue rose from $717,528,290 in FY2012 to $1,478,733,790 in FY2025, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2015, FY2022, FY2023, FY2024).
- Net assets declined from $102,279,365 to -$124,113,612 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
WE STRIVE TO HEAL, TO COMFORT, TO TEACH, TO LEARN, AND TO SEEK THE KNOWLEDGE TO PROMOTE HEALTH AND TO PREVENT DISEASE. OUR PATIENTS AND THEIR FAMILIES ARE AT THE CENTER OF EVERYTHING WE DO. SEE PART III.
IRS status
| Ruling year | 2008 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
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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