Central Maine Healthcare Corporation

Analysis

Central Maine Healthcare Corporation is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in March 1983, 43 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, Central Maine Healthcare Corporation reported income of $66.3m and spending of $66.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $73.8m to $66.3m (-10%), an average of -2.6% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Central Maine Healthcare Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ME. Charities of a similar size with the same main cause include Sun Life Family Health Center Inc ($66.3m), Fishermens Health Inc ($66.3m) and Madison County Community Hospital ($66.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $5.0m (7.6% of expenses). Other salaries and wages came to $26.3m. At year end it held assets of $149.4m against liabilities of $84.9m, net assets of $64.4m. It reported 514 employees.