Islands Community Medical Services Inc

Analysis

Islands Community Medical Services Inc is a registered charity in United States, based in Vinalhaven, ME. It received its IRS tax-exemption ruling in October 1946, 80 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, Islands Community Medical Services Inc reported income of $3.3m and spending of $3.8m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.3m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Islands Community Medical Services Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ME. Charities of a similar size with the same main cause include Curepsp Inc ($3.3m), Care Net Pregnancy & Family Services of Puget Sound ($3.3m) and Childrens Radiology Associates of New Jersey PC ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $374k (9.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $7.4m against liabilities of $452k, net assets of $7.0m. It reported 31 employees.