Redington-Fairview General Hospital

Analysis

Redington-Fairview General Hospital is a registered charity in United States, based in Skowhegan, ME. It received its IRS tax-exemption ruling in October 1969, 57 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 June 2023, Redington-Fairview General Hospital reported income of $154.5m and spending of $152.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $114.1m to $154.5m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Redington-Fairview General Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within ME. Charities of a similar size with the same main cause include Trinity Home Health Services ($154.3m), Calverthealth Medical Center Inc ($154.5m) and Central City Concern Inc ($154.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.1m (1.4% of expenses). Other salaries and wages came to $57.2m. At year end it held assets of $133.1m against liabilities of $31.6m, net assets of $101.5m. It reported 927 employees.