Bangor Nursing & Rehabilitation Center

Analysis

Bangor Nursing & Rehabilitation Center is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in August 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bangor Nursing & Rehabilitation Center reported income of $7.8m and spending of $9.5m, spending 122% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $6.3m to $7.8m (+24%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bangor Nursing & Rehabilitation Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within ME. Charities of a similar size with the same main cause include Reach Inc ($7.8m), Leyden Family Service and Mental Health Center ($7.8m) and North Shore-Lij Internal Medicine PC ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $205k (2.1% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $2.1m against liabilities of $2.6m, net assets of -$522k. It reported 60 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.