Down East Community Hospital

Analysis

Down East Community Hospital is a registered charity in United States, based in Machias, ME. It received its IRS tax-exemption ruling in September 1966, 60 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, Down East Community Hospital reported income of $62.3m and spending of $62.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $50.2m to $62.3m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Down East Community 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 Regional Emergency Medical Services Authority ($62.1m), Chestnut Health Systems Inc ($62.3m) and Community Counseling of Bristol County Inc ($62.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.9m (3.0% of expenses). Other salaries and wages came to $22.0m. At year end it held assets of $48.1m against liabilities of $17.1m, net assets of $31.0m. It reported 411 employees.