Redington Memorial Hospital Association

Analysis

Redington Memorial Hospital Association is a registered charity in United States, based in Skowhegan, ME. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Redington Memorial Hospital Association reported income of $2.4m and spending of $1.1m, leaving 54% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.9m to $2.4m (+25%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 242%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Redington Memorial Hospital Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within ME. Charities of a similar size with the same main cause include New Life Solutions Inc ($2.4m), Kennebec Valley Family Dentistry ($2.4m) and Shared Vision Inc ($2.4m).

Compensation of current officers, directors and key employees was $15k (1.4% of expenses). At year end it held assets of $37.0m against liabilities of $6,161, net assets of $37.0m.