Rhode Island Hospital

Analysis

Rhode Island Hospital is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in November 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Rhode Island Hospital reported income of $1.98bn and spending of $1.95bn, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.50bn to $1.98bn (+32%), an average of +7.3% 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, Rhode Island Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Mary Hitchcock Memorial Hospital ($1.98bn), Tempus Unlimited Inc ($1.99bn) and Presbyterian Hospital ($1.96bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.3m (0.1% of expenses). Other salaries and wages came to $571.0m. At year end it held assets of $1.46bn against liabilities of $619.7m, net assets of $840.2m. It reported 10,564 employees.