The Miriam Hospital

Analysis

The Miriam Hospital is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Miriam Hospital reported income of $646.4m and spending of $625.1m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $540.1m to $646.4m (+20%), an average of +4.6% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Miriam Hospital sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within RI. Charities of a similar size with the same main cause include Childrens Hospital of the Kings Daughters Inc ($646.3m), Centerlight Healthcare Inc ($646.6m) and United Hospital Center Inc ($646.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.5m (0.2% of expenses). Other salaries and wages came to $233.4m. At year end it held assets of $617.2m against liabilities of $170.7m, net assets of $446.6m. It reported 4,435 employees.