Rhode Island Medical Society Foundation

Analysis

Rhode Island Medical Society Foundation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 1983, 43 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 December 2023, Rhode Island Medical Society Foundation reported income of $210k and spending of $309k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $343k to $210k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rhode Island Medical Society Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 51st percentile within RI. Charities of a similar size with the same main cause include Joyces Place Inc ($209k), Little Smiles Inc ($210k) and Rhinos ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $720k against liabilities of $74k, net assets of $646k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.