Tufts Health Public Plans Inc
Canton, MA 02021 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $2,573,867,909 | $2,702,151,634 | $295,729,561 |
| FY2023 | $2,470,895,824 | $2,479,848,703 | $437,479,622 |
| FY2022 | $2,887,097,853 | $2,846,959,022 | $410,283,338 |
| FY2021 | $2,728,584,745 | $2,775,239,488 | $400,765,275 |
| FY2020 | $2,527,590,380 | $2,589,912,930 | $338,247,905 |
| FY2019 | $2,212,357,802 | $2,204,794,907 | $330,512,868 |
| FY2018 | $2,180,534,846 | $2,126,571,157 | $278,729,459 |
| FY2017 | $1,807,858,858 | $1,813,994,268 | $247,330,230 |
| FY2016 | $1,540,187,974 | $1,549,770,264 | $193,520,052 |
| FY2015 | $1,327,559,338 | $1,293,555,307 | $202,171,198 |
Form 990 filings
The returns filed by Tufts Health Public Plans Inc (EIN 80-0721489), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $2,539,094,271 | 99% |
| Other revenue | $34,773,638 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $2,615,857,238 | 97% |
| Management & general | $86,294,396 | 3% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 97% of functional expenses, management & general 3%, and fundraising 0%.
- 97% of functional expenses went to program services in FY2024. That is higher than 31.8% of 110 Mutual & Membership Benefit organizations nationwide (too few in MA for a state comparison).
- Net assets covered about 1.3 months of expenses at the end of the reporting year. That puts it in the 6th percentile among 122 Mutual & Membership Benefit organizations in MA.
- Total revenue was the highest among 125 Mutual & Membership Benefit organizations in MA.
- Total revenue rose from $1,327,559,338 in FY2015 to $2,573,867,909 in FY2024. Revenue increased in 8 and decreased in 1 of 9 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 10 reported years (FY2016, FY2017, FY2020, FY2021, FY2023, FY2024).
- The highest revenue on record here is $2,887,097,853 in FY2022.
- Net assets grew from $202,171,198 to $295,729,561 between FY2015 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 | 2017 |
| Subsection | 501(c)(4) |
| Program area (NTEE) | Y20 — Mutual & Membership Benefit |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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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