Passes our checks

Arnold Memorial Medical Building Society

EIN 01-0500734 · Jonesport, ME

Public records show a registered, tax-exempt organization in good standing.

What it says it does

Provides & maintains a medical building to serve the citizens of area towns including Jonesport, Beals, Addison, Jonesboro and Columbia Falls ME.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 50 out of 100. Higher than 21% of charities in its peer group (health care, under $250k).

Reserves
0 of 35
Spendable reserves are negative: it owes or has committed more than it holds.
Debt
20 of 20
It owes 0% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 19% of income.
Income trend
15 of 15
Income rose 12% on the year before.
Spending floor
0 of 15
40% of spending went to programs.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 62 out of 100. Higher than 38% of charities in its peer group (health care, under $250k).

Independent board
25 of 25
8 of 8 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)

$20,107 spent. Owns and maintains a medical building that serves the citizens of several area towns. Main floor is rented to DownEast Community Hospital. Finished basement is rented to the Town of Jonesport for use as a town office.
$2,000 spent. Scholarships of $1,000 each are awarded to qualifying high school seniors who reside in the towns served by the medical center and who are/will be attending a post-secondary institution. Further, the students must major in a medically related field of study. Funds are paid after satisfactory completion of their first semester of higher education. Scholarship recipients are chosen by the high school guidance counselors at the area schools. A scholarship of $500 may be awarded to a student who is majoring in a non-medical field if their high school does not have an eligible student majoring in a medically related field.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending July 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1996.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.