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 $14.0m and spending of $13.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.9m to $14.0m (+18%), an average of +4.1% a year. The sharpest change came in the year to September 2022, when income rose by 21%. 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 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Yvfwc Healthcare Facilities Development II ($14.0m), Olive View UCLA Education and Research Institute Inc ($14.0m) and Turtle Creek Valley Mental Health Mental Retardation Inc ($14.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $258k (1.9% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $7.6m against liabilities of $6.6m, net assets of $925k. It reported 134 employees.