Arnold Memorial Medical Building Society

Analysis

Arnold Memorial Medical Building Society is a registered charity in United States, based in Jonesport, ME. It received its IRS tax-exemption ruling in March 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 July 2024, Arnold Memorial Medical Building Society reported income of $61k and spending of $48k, leaving 21% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $30k to $61k (+107%), an average of +16% a year. The sharpest change came in the year to July 2020, when income rose by 166%. Over the whole period it spent 164% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Arnold Memorial Medical Building Society sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 17th percentile within ME. Charities of a similar size with the same main cause include People for a Better Life ($61k), Centre County Down Syndrome Society ($61k) and Easter Seals Central Texas-Vaughn House Inc ($61k).

At year end it held assets of $637k against liabilities of $0, net assets of $637k.