R I H Orthopaedic Foundation Inc

Analysis

R I H Orthopaedic Foundation Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in November 1983, 43 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, R I H Orthopaedic Foundation Inc reported income of $4.5m and spending of $4.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.5m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 186%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, R I H Orthopaedic Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within RI. Charities of a similar size with the same main cause include Hospice of Havasu Inc ($4.5m), St Andrews Childrens Clinic Inc ($4.5m) and Big Sur Marathon Foundation Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 85% of the total. At year end it held assets of $7.8m against liabilities of $1.7m, net assets of $6.1m.