Mainehealth Care at Home

Analysis

Mainehealth Care at Home is a registered charity in United States, based in Saco, ME. It received its IRS tax-exemption ruling in April 1986, 40 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 September 2023, Mainehealth Care at Home reported income of $26.1m and spending of $33.1m, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $33.0m to $26.1m (-21%), an average of -5.7% a year. The sharpest change came in the year to September 2022, when income dropped by 23%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mainehealth Care at Home 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 98th percentile, and in the 97th percentile within ME. Charities of a similar size with the same main cause include Midtown Community Health Center Inc ($26.1m), St Josephs Health Care Center Inc ($26.1m) and White Mountain Regional Medical Center ($26.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.0m (3.0% of expenses). Other salaries and wages came to $16.3m. At year end it held assets of $14.8m against liabilities of $4.9m, net assets of $9.9m.