Eastern Maine Healthcare Systems

Analysis

Eastern Maine Healthcare Systems is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in January 2000, 26 years ago. 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, Eastern Maine Healthcare Systems reported income of $395.7m and spending of $447.9m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $287.5m to $395.7m (+38%), an average of +8.3% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Maine Healthcare Systems 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 100th percentile, and in the 100th percentile within ME. Charities of a similar size with the same main cause include Coastal Developmental Services Foundation ($387.3m), University Healthcare Alliance ($401.1m) and University of Cincinnati Physicians Inc ($383.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $22.5m (5.0% of expenses). Other salaries and wages came to $89.6m. At year end it held assets of $843.0m against liabilities of $744.1m, net assets of $98.9m. It reported 2,217 employees.

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.