Katahdin Valley Health Center

Analysis

Katahdin Valley Health Center is a registered charity in United States, based in Patten, ME. It received its IRS tax-exemption ruling in March 1976, 50 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 March 2024, Katahdin Valley Health Center reported income of $34.2m and spending of $27.7m, spending 81% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $20.3m to $34.2m (+69%), an average of +14% a year. The sharpest change came in the year to March 2024, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Katahdin Valley Health Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ME. Charities of a similar size with the same main cause include Bridgeway Behavioral Health Services a NJ Nonprofit Corporatio ($34.2m), San Diego Family Care ($34.2m) and Southwest Network ($34.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 29% and program service revenue 70% of the total. Other salaries and wages came to $17.3m. At year end it held assets of $49.7m against liabilities of $18.0m, net assets of $31.7m. It reported 374 employees.