Eastport Health Care Inc

Analysis

Eastport Health Care Inc is a registered charity in United States, based in Eastport, ME. It received its IRS tax-exemption ruling in February 1978, 48 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 (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, Eastport Health Care Inc reported income of $7.2m and spending of $7.4m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.0m to $7.2m (+46%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 41%. 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, Eastport Health Care Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include Bridge Center for Hope ($7.2m), Upmc Center for High Value Health Care ($7.2m) and Global Healthy Living Foundationinc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $260k (3.5% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $7.0m against liabilities of $3.7m, net assets of $3.3m. It reported 96 employees.