Penobscot Community Health Center

Analysis

Penobscot Community Health Center is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in February 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 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 December 2023, Penobscot Community Health Center reported income of $108.8m and spending of $108.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $84.3m to $108.8m (+29%), an average of +6.6% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Penobscot Community Health Center sits at the 95th percentile: it is larger than about 95% 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 Vista Community Clinic ($108.8m), Childrens Medical Group Inc ($109.0m) and Putnam Hospital Center ($108.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.8m (1.6% of expenses). Other salaries and wages came to $53.2m. At year end it held assets of $71.0m against liabilities of $61.5m, net assets of $9.5m. It reported 1,081 employees.