Mount Desert Medical Center

Analysis

Mount Desert Medical Center is a registered charity in United States, based in Ne Harbor, ME. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mount Desert Medical Center reported income of $85k and spending of $59k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $111k to $85k (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2021, when income rose by 181%. Over the whole period it spent 53% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mount Desert Medical Center sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 26th percentile within ME. Charities of a similar size with the same main cause include Special Needs Resource Foundation of San Diego ($85k), Dr Magnus Hirschfeld Fund ($85k) and Southwestern Health Resources ($85k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 30% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.