Northern Maine Medical Center

Analysis

Northern Maine Medical Center is a registered charity in United States, based in Fort Kent, ME. It received its IRS tax-exemption ruling in September 1958, 68 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, Northern Maine Medical Center reported income of $68.7m and spending of $72.2m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $59.1m to $68.7m (+16%), an average of +3.8% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northern Maine Medical Center 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 McLeod Medical Center Dillon ($68.6m), Parkview Wabash Hospital Inc ($68.7m) and Mt Washington Pediatric Hospital Inc ($68.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.1m (2.9% of expenses). Other salaries and wages came to $29.8m. At year end it held assets of $105.9m against liabilities of $63.0m, net assets of $42.9m. It reported 626 employees.