Miles Memorial Hospital League

Analysis

Miles Memorial Hospital League is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in April 1974, 52 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miles Memorial Hospital League reported income of $455k and spending of $345k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $392k to $455k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miles Memorial Hospital League sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include Mercy Healthcare Foundation ($455k), Eixsys Healthcare System ($455k) and Miller Fellowship House Inc ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% of the total. Other salaries and wages came to $164k. At year end it held assets of $696k against liabilities of $505k, net assets of $191k. It reported 9 employees.