Northeast Hearing & Speech Center Inc

Analysis

Northeast Hearing & Speech Center Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in January 1972, 54 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, Northeast Hearing & Speech Center Inc reported income of $2.6m and spending of $2.2m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $2.6m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northeast Hearing & Speech Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include San Francisco Firefighters Cancer Prevention Foundation ($2.6m), Communitys Child Inc ($2.6m) and AIDS Interfaith Network Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $126k (5.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.3m against liabilities of $951k, net assets of $3.4m. It reported 32 employees.