Charity Search / BOSTON MEDICAL CENTER HEALTH PLAN INC
Health Care (E110) 990 on File

BOSTON MEDICAL CENTER HEALTH PLAN INC

EIN: 04-3373331 · CHARLESTOWN, MA 02129-3730 · United States · FY 2024 Data
3 out of 5 49 / 100 Based on 2+ years of filings
Financial strength (30%) 55/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$5197.0M
Total Revenue
$5141.3M
Total Expenses
$693.4M
Net Assets
1397
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 99.7%
Fundraising Efficiency N/A
Operating Reserve 1.62x
Liability-to-Asset 59.3%
Revenue Diversification 98.6%
Executive Compensation $5.2M
Compared with Peers
FY 2024
Compared with 938 similar organizations (United States, Health Care, $100M and over in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
99.7% 87.7%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
0.3% 12.3%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
1.6 mo 6.1 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
59.3% 44.5%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
98.6% 96.4%
P10P90
Below median
Revenue growth
Year over year revenue growth
25.6% 9.1%
P10P90
Expense growth
Year over year expense growth
28.0% 7.8%
P10P90
Surplus margin
Surplus as a share of revenue
1.1% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $5197.0M $5141.3M $693.4M 99.7% 1397
2023 $4137.8M $4017.7M $681.6M 99.6% 1292
2022 $3051.8M $2998.5M $543.5M 99.5% 1039
2021 $2874.8M $2769.2M N/A — 673
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Organization Details
EIN
04-3373331
State
MA
City
CHARLESTOWN
ZIP
02129-3730
Classification
E110
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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