Thundermist Health Center

Analysis

Thundermist Health Center is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in April 1975, 51 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 August 2023, Thundermist Health Center reported income of $121.4m and spending of $118.4m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $67.5m to $121.4m (+80%), an average of +16% a year. The sharpest change came in the year to August 2020, when income rose by 19%. 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, Thundermist Health Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within RI. Charities of a similar size with the same main cause include Shelby County Memorial Hospital Association Inc ($121.2m), Sauk Prairie Healthcare Inc ($121.5m) and Hayward Sisters Hospital ($121.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.1m (0.9% of expenses). Other salaries and wages came to $63.0m. At year end it held assets of $65.9m against liabilities of $25.7m, net assets of $40.2m. It reported 993 employees.