Steere House

Analysis

Steere House is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in February 1935, 91 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Steere House reported income of $17.8m and spending of $15.8m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.7m to $17.8m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Steere House sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within RI. Charities of a similar size with the same main cause include Guardians of the Sick Inc ($17.8m), East Jordan Family Health Center ($17.8m) and Southwest Behavioral Care Inc ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $475k (3.0% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $27.3m against liabilities of $7.2m, net assets of $20.1m. It reported 167 employees.