Rumford Hospital

Analysis

Rumford Hospital is a registered charity in United States, based in Rumford, ME. It received its IRS tax-exemption ruling in September 1942, 84 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rumford Hospital reported income of $60.3m and spending of $52.9m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.1m to $60.3m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rumford Hospital sits at the 94th percentile: it is larger than about 94% 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 Global Alliance for TB Drug Development Inc ($60.2m), National Association of Community Health Centers Inc ($60.3m) and Premium Health Inc ($60.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Other salaries and wages came to $23.2m. At year end it held assets of $22.2m against liabilities of $10.6m, net assets of $11.6m. It reported 315 employees.