Boothbay Region Health Care Inc

Analysis

Boothbay Region Health Care Inc is a registered charity in United States, based in Boothbay HBR, ME. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Boothbay Region Health Care Inc reported income of $517k and spending of $584k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $693k to $517k (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Boothbay Region Health Care Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include We Are Healers Inc ($517k), Heal Trafficking Inc ($517k) and Mission Regan ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 52% of the total. Other salaries and wages came to $331k. At year end it held assets of $157k against liabilities of $306k, net assets of -$148k. It reported 13 employees.