Mainegeneral Health

Analysis

Mainegeneral Health is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in August 2006, 20 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, Mainegeneral Health reported income of $14.1m and spending of $14.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.2m to $14.1m (+26%), an average of +6.0% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mainegeneral Health sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Bristol Health Care Inc ($14.1m), Christian Health Care Center ($14.1m) and Clayton Health Systems Inc ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.5m (11% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $53.6m against liabilities of $44.7m, net assets of $9.0m. It reported 5,669 employees.