Quarry Hill

Analysis

Quarry Hill is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in July 1939, 87 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, Quarry Hill reported income of $12.7m and spending of $15.0m, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.4m to $12.7m (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2022, when income rose by 16%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Quarry Hill sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Oconee Valley Healthcare Inc ($12.7m), Mount Macrina Manor Nursing Home ($12.7m) and Cross-Over Ministry Inc ($12.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.1% and program service revenue 83% of the total. Other salaries and wages came to $5.5m. At year end it held assets of $14.0m against liabilities of $17.7m, net assets of -$3.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.