Miriam Hospital Foundation

Analysis

Miriam Hospital Foundation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 1995, 31 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, Miriam Hospital Foundation reported income of $4.3m and spending of $5.3m, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.9m to $4.3m (-13%), an average of -3.4% a year. The sharpest change came in the year to September 2021, when income rose by 92%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miriam Hospital Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within RI. Charities of a similar size with the same main cause include Deerfield Behavioral Health of Warren LLC ($4.3m), Healthy Start Coalition of Pinellas Inc ($4.3m) and CDC Physicians Organization Inc ($4.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $64.7m against liabilities of $387k, net assets of $64.3m.