Lincolnhealth Coves Edge

Analysis

Lincolnhealth Coves Edge is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in August 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 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, Lincolnhealth Coves Edge reported income of $10.3m and spending of $13.3m, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $11.9m to $10.3m (-13%), an average of -3.5% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 123% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lincolnhealth Coves Edge sits at the 84th percentile: it is larger than about 84% 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 Coweta Samaritan Clinic Inc ($10.3m), Heartland Health Center Inc ($10.3m) and Tidepool Project ($10.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $7.7m against liabilities of $2.9m, net assets of $4.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.