Martins Point Health Care Inc

Analysis

Martins Point Health Care Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in July 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Martins Point Health Care Inc reported income of $545.6m and spending of $518.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $472.4m to $545.6m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Martins Point Health Care Inc sits at the 99th percentile: it is larger than about 98% 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 Memorial Health Systems Inc ($543.8m), St Dominic-Jackson Memorial Hospital ($545.6m) and Women & Infants Hospital of Rhode Island ($542.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.2m (0.4% of expenses). Other salaries and wages came to $96.9m. At year end it held assets of $496.5m against liabilities of $124.8m, net assets of $371.7m. It reported 1,235 employees.