South County Hospital Healthcare System Endowment

Analysis

South County Hospital Healthcare System Endowment is a registered charity in United States, based in Wakefield, RI. It received its IRS tax-exemption ruling in June 1989, 37 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 September 2023, South County Hospital Healthcare System Endowment reported income of $771k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.2m to $771k (-76%), an average of -30% a year. The sharpest change came in the year to September 2022, when income dropped by 69%. Over the whole period it spent 18% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South County Hospital Healthcare System Endowment sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within RI. Charities of a similar size with the same main cause include Rogers Behavioral Health System Inc ($771k), Arise Alliance Institute Inc ($771k) and International Cardiac Alliance Inc ($770k).

At year end it held assets of $27.6m against liabilities of $21k, net assets of $27.6m.