Eastern Maine Healthcare Systems

Analysis

Eastern Maine Healthcare Systems is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in June 2005, 21 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 September 2023, Eastern Maine Healthcare Systems reported income of $177.5m and spending of $170.7m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $140.8m to $177.5m (+26%), an average of +6.0% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eastern Maine Healthcare Systems sits at the 97th 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 Northern Arizona Healthcare Corporation ($177.4m), Union Hospital of Cecil County ($177.8m) and Preferred Family Healthcare Inc ($177.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $3.4m (2.0% of expenses). Other salaries and wages came to $73.9m. At year end it held assets of $83.7m against liabilities of $66.2m, net assets of $17.4m. It reported 1,206 employees.