Eastern Maine Healthcare Systems

Analysis

Eastern Maine Healthcare Systems is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in June 2005, 21 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 September 2023, Eastern Maine Healthcare Systems reported income of $69.3m and spending of $61.1m, spending 88% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $32.5m to $69.3m (+113%), an average of +29% a year. The sharpest change came in the year to September 2021, when income rose by 85%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eastern Maine Healthcare Systems sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ME. Charities of a similar size with the same main cause include Intermountain Healthcare Foundation Inc ($69.1m), Effingham Hospital Inc ($69.3m) and Murphy Medical Center Inc ($69.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.8m (2.9% of expenses). Other salaries and wages came to $28.4m. At year end it held assets of $42.8m against liabilities of $18.6m, net assets of $24.2m. It reported 528 employees.