Mid-Coast Health Net Inc

Analysis

Mid-Coast Health Net Inc is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mid-Coast Health Net Inc reported income of $915k and spending of $845k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $915k (+164%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 85% 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 Health Net Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within ME. Charities of a similar size with the same main cause include Sacred Heart Community Clinic Inc ($914k), Pregnancy Resources ($915k) and Sos Medical Inc ($914k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $73k (8.7% of expenses). Other salaries and wages came to $498k. At year end it held assets of $785k against liabilities of $53k, net assets of $733k. It reported 12 employees.