Regional Medical Center at Lubec Me Inc

Analysis

Regional Medical Center at Lubec Me Inc is a registered charity in United States, based in Lubec, ME. It received its IRS tax-exemption ruling in May 1972, 54 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, Regional Medical Center at Lubec Me Inc reported income of $7.2m and spending of $6.0m, spending 84% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.3m to $7.2m (+208%), an average of +25% a year. The sharpest change came in the year to December 2019, when income rose by 112%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Regional Medical Center at Lubec Me Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include Martha Coker Home Inc ($7.2m), National Coalition of STD Directors ($7.2m) and Beloved Community Family Wellness Center ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $277k (4.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $7.2m against liabilities of $708k, net assets of $6.5m. It reported 63 employees.