Healthreach Community Health Centers

Analysis

Healthreach Community Health Centers is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in May 1967, 59 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, Healthreach Community Health Centers reported income of $37.8m and spending of $33.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.1m to $37.8m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthreach Community Health Centers 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 McAlister Institute for Treatment and Education Inc ($37.8m), United Cerebral Palsy of Queens ($37.8m) and Umpqua Community Health Center Inc ($37.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $383k (1.1% of expenses). Other salaries and wages came to $15.9m. At year end it held assets of $40.9m against liabilities of $8.5m, net assets of $32.4m. It reported 309 employees.