Mainsail Health Partners

Analysis

Mainsail Health Partners is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in September 2020, 6 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 (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mainsail Health Partners reported income of $2.0m and spending of $3.5m, spending 176% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $3.0m to $2.0m (-33%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 282%. Over the whole period it spent 25% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mainsail Health Partners sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Mother and Child Alliance ($2.0m), Tallahatchie General Hospital Medical Foundation ($2.0m) and Kuakini Health Systems ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $38.2m against liabilities of $25.9m, net assets of $12.3m.