Mid Coast Geriatric Services Corp

Analysis

Mid Coast Geriatric Services Corp is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in July 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mid Coast Geriatric Services Corp reported income of $12.4m and spending of $13.5m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.8m to $12.4m (+15%), an average of +3.6% a year. The sharpest change came in the year to September 2022, when income rose by 16%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mid Coast Geriatric Services Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within ME. Charities of a similar size with the same main cause include Judevine Inc ($12.4m), Harborpath Inc ($12.4m) and Centro Medico Community Clinic Inc ($12.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.6% and program service revenue 92% of the total. Other salaries and wages came to $6.1m. At year end it held assets of $14.0m against liabilities of $12.2m, net assets of $1.7m.

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.