Downeast Horizons Inc

Analysis

Downeast Horizons Inc is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover mental health and crisis intervention, 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, Downeast Horizons Inc reported income of $10.1m and spending of $8.9m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.5m to $10.1m (+19%), an average of +5.9% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Downeast Horizons Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within ME. Charities of a similar size with the same main cause include Agape Clinic ($10.1m), Mercy Hospital & Medical Center ($10.1m) and New Horizon Care Centers Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $154k (1.7% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $13.0m against liabilities of $1.1m, net assets of $11.9m. It reported 170 employees.