Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
65 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Lg Newcorp INC is a hospital based in Lawrence, MA, formed in 2024.
Questions for Lg Newcorp INC
Your first name shows with your question. Lg Newcorp INC answers here, for everyone.
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Inpatient Healthcare Services
Providing inpatient services consistent with our core values by providing access to comprehensive, high quality, compassionate, and efficient healthcare services. Merrimack health methuen hospital and merrimack health haverhill hospital make up two campuses that combine to make a 310 bed hospital that provided 46,390 patient days of…
Outpatient Healthcare Services
Providing outpatient services consistent with our core values by providing access to comprehensive, high quality, compassionate, and efficient healthcare services. During fy 2025, merrimack health methuen hospital and merrimack health haverhill hospital make up two campuses that had 107,548 outpatient visits.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $8.9M | |
| Land, buildings, equipmentLn 10c | $80.8M | |
| Total assetsLn 16 | $0 | $165.7M |
| LiabilitiesLn 26 | $0 | $68.3M |
| Net assetsLn 32 | $0 | $97.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $97.8M | $82.7M | $15.1M | |
| Other employee benefitsLn 9 | $19.2M | $16.2M | $3.0M | |
| Payroll taxesLn 10 | $8.1M | $6.9M | $1.3M | |
| Management feesLn 11a | $38.1M | $17.6M | $20.5M | |
| Legal feesLn 11b | $389K | $389K | ||
| Lobbying feesLn 11d | $15K | $15K | ||
| Other fees for servicesLn 11g | $0 | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $422K | $394K | $28K | |
| Information technologyLn 14 | $2.6M | $49K | $2.6M | |
| OccupancyLn 16 | $3.2M | $60K | $3.1M | |
| TravelLn 17 | $1K | $598 | $420 | |
| Depreciation, depletion and amortizationLn 22 | $6.2M | $6.2M | ||
| InsuranceLn 23 | $2.1M | $2.1M | ||
| Other expenses (24a–d)Ln 24 | $65.6M | $31.4M | $34.2M | |
| All other expensesLn 24e | $14.9M | $12.1M | $2.8M | $0 |
| Total functional expensesLn 25 | $258.6M | $167.3M | $91.3M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $308.2M | $258.6M | $49.6M | $97.5M | 990 PDF |
| FY2024 | $0 | $0 | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $308,194,574 revenue, 12 lines filed
Part VI · Governance 3 of 4 board members independent, 1 to look at
Part VIII · Statement of revenue $308,194,574 across 5 lines filed
Part IX · Statement of functional expenses $258,631,124 across 16 lines filed
Part X · Balance sheet $165,719,652 assets, 14 lines filed
Part XI · Reconciliation of net assets $97,456,113 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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