Rumford Community Home Corporation

Analysis

Rumford Community Home Corporation is a registered charity in United States, based in Rumford, ME. It received its IRS tax-exemption ruling in July 1988, 38 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, Rumford Community Home Corporation reported income of $6.6m and spending of $7.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $6.6m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2023, when income rose by 18%. 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, Rumford Community Home Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include Cnyhhn Inc ($6.6m), Vida Y Salud-Health Systems Inc ($6.6m) and Inseparable Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $3.9m against liabilities of $2.0m, net assets of $1.8m. It reported 117 employees.