Mainhealth Services

Analysis

Mainhealth Services is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mainhealth Services reported income of $26.1m and spending of $13.3m, leaving 49% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $35.9m to $26.1m (-27%), an average of -7.7% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mainhealth 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 97th percentile within ME. Charities of a similar size with the same main cause include North End Community Health Committee Inc ($26.1m), White Mountain Regional Medical Center ($26.1m) and Humanim Inc ($26.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $292.5m against liabilities of $343.7m, net assets of -$51.2m.