Women & Infants Hospital of Rhode Island

Analysis

Women & Infants Hospital of Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1934, 92 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, Women & Infants Hospital of Rhode Island reported income of $542.1m and spending of $529.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $487.1m to $542.1m (+11%), an average of +2.7% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Women & Infants Hospital of Rhode Island sits at the 99th percentile: it is larger than about 98% 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 Unmc Physicians ($540.1m), Memorial Health Systems Inc ($543.8m) and Catholic Healthcare Trust ($539.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.1m (0.4% of expenses). Other salaries and wages came to $167.8m. At year end it held assets of $448.2m against liabilities of $128.2m, net assets of $320.0m. It reported 2,410 employees.