Maine Coast Regional Health Facili Dba Northern Light Maine Coast Hos

Analysis

Maine Coast Regional Health Facili Dba Northern Light Maine Coast Hos is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in December 1950, 76 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Maine Coast Regional Health Facili Dba Northern Light Maine Coast Hos reported income of $119.0m and spending of $111.5m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $85.0m to $119.0m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maine Coast Regional Health Facili Dba Northern Light Maine Coast Hos sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ME. Charities of a similar size with the same main cause include Langlade Hospital-Hotel Dieu of St Joseph of Antigo Wisconsin ($118.9m), Southside Community Hospital Inc ($119.0m) and Adelante Healthcare Inc ($118.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.5m (1.3% of expenses). Other salaries and wages came to $40.4m. At year end it held assets of $77.1m against liabilities of $55.0m, net assets of $22.1m. It reported 644 employees.