Houlton Regional Hospital

Analysis

Houlton Regional Hospital is a registered charity in United States, based in Houlton, ME. It received its IRS tax-exemption ruling in January 1973, 53 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 September 2023, Houlton Regional Hospital reported income of $51.2m and spending of $53.3m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $47.6m to $51.2m (+7.6%), an average of +1.8% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Houlton Regional Hospital sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ME. Charities of a similar size with the same main cause include Northern Nevada HIV Outpatient Program Education and Services ($51.2m), Grant Regional Health Center Inc ($51.2m) and Caring for Denver Foundation ($51.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.4m (2.5% of expenses). Other salaries and wages came to $21.0m. At year end it held assets of $28.5m against liabilities of $15.4m, net assets of $13.0m. It reported 439 employees.