Mount Desert Island Hospital

Analysis

Mount Desert Island Hospital is a registered charity in United States, based in Ben Harbor, ME. It received its IRS tax-exemption ruling in December 1940, 86 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 April 2023, Mount Desert Island Hospital reported income of $85.5m and spending of $88.4m, spending 103% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $67.0m to $85.5m (+28%), an average of +6.3% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mount Desert Island Hospital sits at the 95th percentile: it is larger than about 95% 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 St John Providence ($85.4m), Healthnet Inc ($85.5m) and Community Health Care ($85.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 4.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.2m (1.4% of expenses). Other salaries and wages came to $36.3m. At year end it held assets of $80.0m against liabilities of $30.5m, net assets of $49.6m. It reported 547 employees.