Lincolnhealth Medical Partners Inc

Analysis

Lincolnhealth Medical Partners Inc is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in July 2014, 12 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 September 2023, Lincolnhealth Medical Partners Inc reported income of $7.4m and spending of $7.4m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $17.5m to $7.4m (-58%), an average of -19% a year. The sharpest change came in the year to September 2023, when income dropped by 65%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lincolnhealth Medical Partners 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 Hearing Evaluation Services of Buffalo Inc ($7.4m), Summitwest Care ($7.4m) and Spring River Mental Health & Wellness Inc ($7.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.4m (33% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $0 against liabilities of $0, net assets of $0.