Healthcare Purchaser Alliance of Maine

Analysis

Healthcare Purchaser Alliance of Maine is a registered charity in United States, based in Falmouth, ME. It received its IRS tax-exemption ruling in July 2007, 19 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, Healthcare Purchaser Alliance of Maine reported income of $1.3m and spending of $1.4m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.3m (-1.7%), an average of -0.4% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare Purchaser Alliance of Maine sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within ME. Charities of a similar size with the same main cause include Long Term Care Community Coalition ($1.3m), Choice Health Network ($1.3m) and Charles H Tweed International Foundation for Orthodontic Researc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $715k (51% of expenses). Other salaries and wages came to $210k. At year end it held assets of $3.1m against liabilities of $707k, net assets of $2.4m. It reported 8 employees.