Wood River Health Services Inc

Analysis

Wood River Health Services Inc is a registered charity in United States, based in Hope Valley, RI. It received its IRS tax-exemption ruling in April 1979, 47 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 June 2023, Wood River Health Services Inc reported income of $14.2m and spending of $12.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $14.2m (+99%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wood River Health Services Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within RI. Charities of a similar size with the same main cause include Community Health and Social Services Center Inc ($14.2m), Miraclefeet ($14.3m) and New York State Catholic Health Plan Inc ($14.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $611k (4.9% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $10.2m against liabilities of $2.1m, net assets of $8.1m. It reported 117 employees.