Eastern Maine Healthcare Systems

Analysis

Eastern Maine Healthcare Systems is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Eastern Maine Healthcare Systems reported income of $1.15bn and spending of $1.13bn, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $932.6m to $1.15bn (+23%), an average of +5.4% a year. The sharpest change came in the year to September 2021, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eastern Maine Healthcare Systems sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within ME. Charities of a similar size with the same main cause include Chi St Lukes Health Baylor College of Medicine Medical Center ($1.14bn), Valley Hospital Inc ($1.15bn) and Kettering College ($1.14bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $4.4m (0.4% of expenses). Other salaries and wages came to $374.9m. At year end it held assets of $925.2m against liabilities of $599.1m, net assets of $326.1m. It reported 5,048 employees.