Pines Health Services

Analysis

Pines Health Services is a registered charity in United States, based in Caribou, ME. It received its IRS tax-exemption ruling in January 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 December 2023, Pines Health Services reported income of $27.4m and spending of $26.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.0m to $27.4m (+9.6%), an average of +2.3% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pines Health Services sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ME. Charities of a similar size with the same main cause include Teton Valley Health Care Inc ($27.4m), Best Choice Home Health Care Inc ($27.4m) and Aspirus Merrill Hospital & Clinics Inc ($27.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $528k (2.0% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $7.5m against liabilities of $2.4m, net assets of $5.1m. It reported 187 employees.