Medical Care Development Incorporated

Analysis

Medical Care Development Incorporated is a registered charity in United States, based in Hallowell, ME. It received its IRS tax-exemption ruling in November 1966, 60 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, Medical Care Development Incorporated reported income of $37.2m and spending of $38.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.7m to $37.2m (+7.4%), an average of +1.8% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Care Development Incorporated sits at the 92nd percentile: it is larger than about 92% of them. 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 Arkansas Valley Regional Medical Center 07011998 ($37.2m), Hilltop Health Services Corporation ($37.3m) and Border Region MHMR Community Center ($37.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.5m (3.8% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $14.9m against liabilities of $10.6m, net assets of $4.3m. It reported 195 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.