Lifeflight of Maine LLC

Analysis

Lifeflight of Maine LLC is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 June 2023, Lifeflight of Maine LLC reported income of $28.3m and spending of $20.6m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.6m to $28.3m (+93%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 49%. Over the whole period it spent 82% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Lifeflight of Maine LLC sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ME. Charities of a similar size with the same main cause include National Registry of Emergency Medical Technicians ($27.9m), National Security Technology Accelerator ($28.7m) and KPMG U S Foundation Inc ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $692k. At year end it held assets of $41.7m against liabilities of $13.0m, net assets of $28.7m. It reported 45 employees.