Beth Israel Deaconess Hospital - Needham Inc
87% goes to programs $9 to raise $100 Strong reserves Growing revenue
Beth Israel Deaconess Hospital - Needham Inc is a 501(c)(3) organization based in Charlestown, Massachusetts, registered in 1994, with $161,296,602 in FY2023 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
Co Bilh Tax 529 Main St 4th Fl, Charlestown, MA, 02129 EIN 04-3229679 Since 1994
Revenue (FY2023)
$161.3M
▼ 5.6% vs prior year
Health median: $840K
Expenses (FY2023)
$160.2M
Net assets
$101.6M
Employees
1,223
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $9 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Beth Israel Deaconess Hospital - Needham Inc: 87% to programs · $9 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Beth Israel Deaconess Hospital - Needham Inc: 8 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Beth Israel Deaconess Hospital - Needham Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Beth Israel Deaconess Hospital - Needham Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
Other program service accomplishmentsancillary services and community service - in addition to the inpatient and outpatient services detailed above, bidn provides radiologic procedures as part of inpatient care as well as laboratory services for both inpatients and outpatients. diagnostic facilities include complete 24-hour histopathology laboratory and blood banking services as well as diagnostic imaging including ct scanning, ultrasound, ultrasonic cardiography, bone densitometry, nuclear medicine, plain film radiology and fluoroscopy. bidn is accredited by massachusetts medical society to provide medical education for physicians. it's crucial for primary care practitioners to continuously update their knowledge and skills in the area of evidence based medicine, specifically - current best practices, diagnostic skills, risk factor identification and current treatment options.bidn also offers community service programs, including preventive health screenings and educational lectures, cpr and first aid training, smoking cessation and stress management and relaxation courses.see schedule h for additional information on financial assistance, charity care and community benefits.
Contact & location
- Address
- Co Bilh Tax 529 Main St 4th Fl, Charlestown, MA, 02129
- City
- Charlestown
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $71.9M (FY2013) to $161.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $84.0MNet assets $101.6M
Operating margin
0.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$185.6M
Total liabilities
$84.0M
Net assets
$101.6M
Salaries & benefits
$75.5M
47% of expenses
Board members
21
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $161,296,602▼5.6% | $160,246,247▲14.4% | $101,610,611▲2.8% | $185,625,640▲1.0% | 990 |
| 2022 | $170,815,918▲22.9% | $140,022,676▲4.7% | $98,866,564▲40.3% | $183,751,217▲10.4% | 990 |
| 2021 | $138,937,991▲9.5% | $133,771,396▲10.9% | $70,468,174▲10.1% | $166,387,328▼2.5% | 990 |
| 2020 | $126,877,037▲19.5% | $120,642,727▲13.5% | $64,016,452▲12.2% | $170,627,277▲2.2% | 990 |
| 2019 | $106,145,010▲1.2% | $106,301,218▲4.5% | $57,035,590▼0.5% | $166,952,017▲7.1% | 990 |
| 2018 | $104,920,401▲5.3% | $101,709,249▲10.7% | $57,343,065▲5.7% | $155,884,405▲0.1% | 990 |
| 2017 | $99,617,281▲12.3% | $91,881,145▲7.1% | $54,234,895▲17.0% | $155,754,569▲40.9% | 990 |
| 2016 | $88,673,165▲6.2% | $85,799,205▲2.8% | $46,344,712▲8.1% | $110,557,445▲1.1% | 990 |
| 2015 | $83,509,250▲3.9% | $83,478,528▲11.6% | $42,866,583▲0.4% | $109,313,192▼1.9% | 990 |
| 2014 | $80,376,080▲11.8% | $74,774,459▲8.6% | $42,707,590▲13.7% | $111,409,218▲3.4% | 990 |
| 2013 | $71,886,156 | $68,877,147▲9.1% | $37,560,910▲8.6% | $107,747,550▲37.8% | 990 |
| 2012 | — | $63,127,248▲7.2% | $34,570,902▲12.0% | $78,166,309▲5.5% | 990 |
| 2011 | — | $58,879,901 | $30,874,466 | $74,102,914 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Sullivan Md Matthew — $853,150 (0.53% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sullivan Md Matthew | Gastroenterologist | 55 | $853,150 |
| Fogarty John | President & Trustee (ex-officio) | 55 | $609,616 |
| Mccarthy Md Kevin E | Cardiologist | 55 | $601,197 |
| Boyd Md Christopher G | Cardiologist | 55 | $592,522 |
| Mcsweeney Md Gregory | Svp & Chief Medical Officer | 55 | $351,559 |
| Davidson Rn Kathleen | Svp, Cno, Coo | 55 | $337,057 |
| Smith Mba Brian | Asst Treas (ex-off) & Cfo | 55 | $301,457 |
| Piatelli Luanne | Registered Nurse | 55 | $248,581 |
| Bernard Louise | Registered Nurse | 55 | $244,566 |
| Welch Julie A | Vp, Human Resources Business Partner | 55 | $223,682 |
| Murphy Tracy | Former Assistant Clerk | 0 | $100,657 |
| Auth Joseph | Trustee | 1 | — |
| Barabino Gilda | Trustee | 1 | — |
| Caggiano Ginny | Ttee (ex-off) (chair, Bd of Advis) | 1 | — |
| Carnahan Virginia | Trustee & Chair | 1 | — |
| Carucci Dean | Ttee (exo) (bilh Div Pres Community) | 1 | — |
| Chamoun Nassib | Trustee | 1 | — |
| Coffman Barry | Trustee | 1 | — |
| Coughlin James C | Trustee | 1 | — |
| Cramer Jeremy | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Beth Israel Lahey Health Inc | Professional & Other Services | $72,200,032 |
| Us Bank Trust Co National Assn | Investment Mgmt Services | $4,716,752 |
| Vaya Workforce Solutions LLC | Staffing Services | $3,706,585 |
| Harvard Medical Faculty Physicians | Leased Physician Services | $3,384,096 |
| Amerisourcebergen Drug Corp | Pharmaceutical & Healthcare Svcs | $3,064,692 |
Grants received · $6.9M total
48 grants to Beth Israel Deaconess Hospital - Needham Inc totaling $6.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Health, general | 2024 | $100,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $60,000 |
| American Online Giving Foundation Inc | General support | 2024 | $17,430 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $254,751 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $40,000 |
| American Online Giving Foundation Inc | General support | 2023 | $31,483 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $20,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $501,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $238,367 |
| Boston Foundation Inc | Operating support/annual fund | 2022 | $40,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $20,000 |
| Donor Advised Charitable Giving | Health | 2022 | $5,500 |
| American Online Giving Foundation Inc | General support | 2022 | $5,152 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $629,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $221,842 |
Grants made · $2.9M in FY2023
15 grants totaling $2.9M in FY2023. All grants made by Beth Israel Deaconess Hospital - Needham Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Medical Care of Boston Management Corporation | Access to primary and/or specialty care | $2,410,637 |
| Neighborhood Housing Services of the South Shore Inc | Care access and/or to address other identified community health needs | $197,028 |
| Town of Dedham | Care access and/or to address other identified community health needs | $181,217 |
| Town of Norwood | Care access and/or to address other identified community health needs | $31,567 |
| Circle of Hope Inc | Care access and/or to address other identified community health needs | $25,000 |
| Needham Diversity Initiative Inc | Care access and/or to address other identified community health needs | $25,000 |
| Town of Needham | Care access and/or to address other identified community health needs | $14,500 |
| Town of Westwood | Care access and/or to address other identified community health needs | $11,000 |
| Needham Community Farm Inc | Care access and/or to address other identified community health needs | $11,000 |
| Young Mens Christian Association of Greater Boston Inc | Care access and/or to address other identified community health needs | $10,000 |
| Neighbor Brigade | Care access and/or to address other identified community health needs | $6,000 |
| Riverside Community Care Inc | Care access and/or to address other identified community health needs | $6,000 |
| Dedham Food Pantry Charitable Tr | Care access and/or to address other identified community health needs | $6,000 |
| Needham Community Council Inc | Care access and/or to address other identified community health needs | $6,000 |
| Family Promise Metrowest Inc | Care access and/or to address other identified community health needs | $6,000 |
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Compare Beth Israel Deaconess Hospital - Needham Inc
Frequently asked questions
- Is Beth Israel Deaconess Hospital - Needham Inc a legitimate nonprofit?
- Yes. Beth Israel Deaconess Hospital - Needham Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3229679, based in Charlestown, Massachusetts. Donations are tax-deductible.
- What is Beth Israel Deaconess Hospital - Needham Inc's EIN?
- Beth Israel Deaconess Hospital - Needham Inc's Employer Identification Number (EIN) is 04-3229679.
- How much revenue does Beth Israel Deaconess Hospital - Needham Inc report?
- Beth Israel Deaconess Hospital - Needham Inc reported $161,296,602 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Beth Israel Deaconess Hospital - Needham Inc's spending goes to programs?
- Beth Israel Deaconess Hospital - Needham Inc spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Beth Israel Deaconess Hospital - Needham Inc have?
- CharityIndex grades Beth Israel Deaconess Hospital - Needham Inc A, based on program efficiency and fundraising cost.
- How much does Beth Israel Deaconess Hospital - Needham Inc's highest-paid employee make?
- The highest reported compensation on Beth Israel Deaconess Hospital - Needham Inc's latest Form 990 is $853,150, paid to Sullivan Md Matthew (Gastroenterologist).
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Data for Beth Israel Deaconess Hospital - Needham Inc (EIN 04-3229679) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.