Maine College of Health Professions

Analysis

Maine College of Health Professions is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maine College of Health Professions reported income of $9.9m and spending of $4.6m, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $9.9m (+73%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine College of Health Professions sits at the 93rd percentile: it is larger than about 93% 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 Grand View Christian School Association Inc ($9.9m), Atlanta Law Center Inc ($9.9m) and I3 Academy ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 39% of the total. At year end it held assets of $16.7m against liabilities of $1.3m, net assets of $15.4m.