Eastport Memorial Hospital

Analysis

Eastport Memorial Hospital is a registered charity in United States, based in Eastport, ME. It received its IRS tax-exemption ruling in February 1945, 81 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 December 2023, Eastport Memorial Hospital reported income of $3.4m and spending of $3.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.4m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eastport Memorial Hospital sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ME. Charities of a similar size with the same main cause include The Brett Boyer Foundation Inc ($3.4m), Lysosomal and Rare Disorders Research and Treatment Center Inc ($3.4m) and Women with a Vision ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $148k (4.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.6m against liabilities of $740k, net assets of $2.8m. It reported 79 employees.