Amoskeag Health

Analysis

Amoskeag Health is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in May 1992, 34 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 June 2023, Amoskeag Health reported income of $23.8m and spending of $26.6m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.9m to $23.8m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Amoskeag Health sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NH. Charities of a similar size with the same main cause include Roots Community Health Center ($23.7m), Planned Parenthood Hudson Peconic Inc ($23.8m) and Aspire Indiana Health ($23.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $777k (2.9% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $9.6m against liabilities of $5.2m, net assets of $4.4m. It reported 347 employees.