Mass General Brigham Incorporated
Only 13% goes to programs $0 to raise $100 Strong reserves
Mass General Brigham Incorporated is a 501(c)(3) organization based in Somerville, Massachusetts, registered in 2010, with $1,904,911,087 in FY2023 revenue. CharityIndex grades it C, and it directs about 13% of spending to programs.
399 Revolution Dr Ste 695, Somerville, MA, 02145 EIN 04-3230035 Since 2010
Revenue (FY2023)
$1.9B
▼ 7.2% vs prior year
Health median: $840K
Expenses (FY2023)
$2.1B
Net assets
$1.5B
Employees
9,605
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
FProgram efficiency40% of the rating13% to programs · $0 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 Mass General Brigham Incorporated: 13% to programs · $0 to raise $100 earns a F on this criterion. See the exact thresholds →
C+Financial health25% of the rating8 mo reserves · -12% 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 Mass General Brigham Incorporated: 8 mo reserves · -12% margin earns a C+ 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 Mass General Brigham Incorporated: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Mass General Brigham Incorporated: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Patient care, teaching, research and serving the community.
Contact & location
- Address
- 399 Revolution Dr Ste 695, Somerville, MA, 02145
- City
- Somerville
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $727.6M (FY2013) to $1.9B (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $8.3BNet assets $1.5B
Operating margin
-12.1%
Spent more than it raised in the latest fiscal year.
Total assets
$9.8B
Total liabilities
$8.3B
Net assets
$1.5B
Salaries & benefits
$1.1B
50% of expenses
Board members
22
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,904,911,087▼7.2% | $2,135,067,419▼0.5% | $1,493,267,367▼8.2% | $9,805,737,933▲4.6% | 990 |
| 2022 | $2,053,039,249▼2.1% | $2,146,509,087▲1.2% | $1,625,774,593▲84.4% | $9,377,106,791▲7.9% | 990 |
| 2021 | $2,097,520,808▲6.7% | $2,120,920,451▲31.1% | $881,437,033▲171% | $8,691,364,928▲2.5% | 990 |
| 2020 | $1,965,789,162▼9.9% | $1,618,160,737▼29.7% | $324,997,047▲117% | $8,481,205,961▲7.6% | 990 |
| 2019 | $2,181,423,789▲65.3% | $2,300,232,402▲95.2% | -$1,952,605,540▼302% | $7,885,097,202▲36.2% | 990 |
| 2017 | $1,319,609,417▲2.9% | $1,178,509,706▼7.2% | -$485,544,373▲23.2% | $5,788,383,697▲6.7% | 990 |
| 2016 | $1,282,761,413▲45.1% | $1,270,137,205▲7.9% | -$632,268,864▲5.0% | $5,422,733,376▼3.6% | 990 |
| 2015 | $883,966,094▲4.3% | $1,176,930,068▲15.0% | -$665,470,361▼79.3% | $5,622,437,123▲12.0% | 990 |
| 2014 | $847,121,743▲16.4% | $1,023,091,718▲14.4% | -$371,144,113▼177% | $5,019,256,378▲8.5% | 990 |
| 2013 | $727,635,099 | $894,353,862▲9.2% | -$133,794,974▼2812% | $4,627,097,938▲8.9% | 990 |
| 2012 | — | $819,128,536▼11.9% | -$4,594,304▲98.3% | $4,249,396,529▲12.2% | 990 |
| 2011 | — | $929,715,731▲27.3% | -$277,155,786▼129% | $3,785,801,720▲5.6% | 990 |
| 2010 | — | $730,307,338▲6.1% | -$121,016,648▼163% | $3,583,614,453▲7.0% | 990 |
| 2009 | — | $688,258,776 | -$45,937,448 | $3,349,320,793 | 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: Anne Klibanski Md — $6,843,415 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Anne Klibanski Md | President, Ceo & Director | 50 | $6,843,415 |
| John R Barker | Former Chief Investment Officer | 50 | $3,524,475 |
| Ron M Walls Md | Chief Operating Officer | 50 | $3,145,963 |
| Gregg S Meyer Md Msc | President, Community Division | 50 | $2,777,857 |
| Niyum Gandhi | Cfo & Treasurer | 50 | $2,275,225 |
| Elizabeth L Baldwin | Portfolio Manager | 50 | $2,267,210 |
| Katherine L Kamm | Portfolio Manager | 50 | $2,250,983 |
| Laura Peabody | Chief Legal Officer & Secretary | 50 | $1,839,212 |
| Jane D Moran | Chief Information & Digital Officer | 50 | $1,693,644 |
| O'neil Britton Md | Associate Chief Operating Officer | 50 | $1,563,833 |
| Jeff A Weiss | Chief Strategy & Transformation Off. | 50 | $1,498,758 |
| Thomas Dean Sequist Md | Chief Medical Officer | 50 | $1,421,069 |
| Rosemary R Sheehan | Former Chief Human Resources Officer | 50 | $1,389,698 |
| Emma Somers-roy | Chief Investment Officer | 50 | $1,202,191 |
| James W Noga | Former Vp & Chief Information Off. | 0 | $834,226 |
| Kevin S Schlicke | Former Interim Treasurer | 50 | $761,661 |
| Peter K Markell | Former - Evp, Cfo & Treasurer | 0 | $515,469 |
| Alistair Erskine Md | Former Chief Digital Health Officer | 50 | $225,490 |
| Maureen Goggin | Former Secretary | 50 | $153,981 |
| Albert A Holman III | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Boathouse Group Inc | Marketing Services | $32,971,916 |
| Kpmg LLP | Consulting Services | $26,759,632 |
| Randstad Healthcare | Staffing Services | $19,420,319 |
| Huron Consulting Group Inc | Consulting Services | $19,238,605 |
| Accenture LLP | Consulting Services | $17,912,713 |
Grants received · $2.6B total
135 grants to Mass General Brigham Incorporated totaling $2.6B, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Target Als Foundation Inc | Scientific research | 2025 | $128,200 |
| American Medical Association | Reimagining residency grant | 2024 | $180,000 |
| Boston College Trustees | Sponsored sub-awd | 2024 | $66,834 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $26,000 |
| American Online Giving Foundation Inc | General support | 2024 | $19,297 |
| Institute For Healthcare Improvement | Health care | 2024 | $15,000 |
| Mass General Brigham Incorporated and Affiliates Group Rtn | To support tax exempt affiliate | 2023 | $209,315,873 |
| Fidelity Non-profit Management Foundation | Discovery research (science) | 2023 | $1,500,000 |
| Beth Israel Deaconess Medical Center Inc | Research subcontract | 2023 | $662,363 |
| American Medical Association | Reimagining residency grant | 2023 | $385,000 |
| Brown University of Providence | Subcontract grant | 2023 | $324,106 |
| Institute For Healthcare Improvement | Health care | 2023 | $316,592 |
| Collier Community Foundation Inc | Health | 2023 | $125,000 |
| President and Fellows of Harvard College | Sponsored research sub-award | 2023 | $92,685 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $78,643 |
Grants made · $104.3M in FY2023
75 grants totaling $104.3M in FY2023 — showing the 15 largest. All grants made by Mass General Brigham Incorporated →
| Recipient | Purpose | Amount |
|---|---|---|
| Mass General Brigham Incorporated | Exempt affiliate support | $28,879,112 |
| Mass General Brigham Incorporated | Exempt affiliate support | $17,274,650 |
| Mass General Brigham Incorporated | Exempt affiliate support | $12,504,195 |
| Mass General Brigham Incorporated | Exempt affiliate support | $10,306,092 |
| Mass General Brigham Incorporated | Exempt affiliate support | $6,914,494 |
| Mass General Brigham Incorporated | Exempt affiliate support | $5,987,653 |
| Mass General Brigham Incorporated | Exempt affiliate support | $5,834,645 |
| Mass General Brigham Incorporated | Exempt affiliate support | $2,220,060 |
| Mass General Brigham Incorporated | Exempt affiliate support | $1,476,860 |
| Mass General Brigham Incorporated | Exempt affiliate support | $1,212,622 |
| Mass General Brigham Incorporated | Exempt affiliate support | $1,126,383 |
| Mass General Brigham Incorporated | Exempt affiliate support | $1,066,833 |
| Mass General Brigham Incorporated | Exempt affiliate support | $1,000,000 |
| Lynn Community Health Inc | Community benefit program | $800,000 |
| Mass General Brigham Incorporated | Exempt affiliate support | $641,986 |
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Frequently asked questions
- Is Mass General Brigham Incorporated a legitimate nonprofit?
- Yes. Mass General Brigham Incorporated is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3230035, based in Somerville, Massachusetts. Donations are tax-deductible.
- What is Mass General Brigham Incorporated's EIN?
- Mass General Brigham Incorporated's Employer Identification Number (EIN) is 04-3230035.
- How much revenue does Mass General Brigham Incorporated report?
- Mass General Brigham Incorporated reported $1,904,911,087 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Mass General Brigham Incorporated's spending goes to programs?
- Mass General Brigham Incorporated spends about 13% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mass General Brigham Incorporated have?
- CharityIndex grades Mass General Brigham Incorporated C, based on program efficiency and fundraising cost.
- How much does Mass General Brigham Incorporated's highest-paid employee make?
- The highest reported compensation on Mass General Brigham Incorporated's latest Form 990 is $6,843,415, paid to Anne Klibanski Md (President, Ceo & Director).
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Data for Mass General Brigham Incorporated (EIN 04-3230035) 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.