South County Hospital Healthcare

Analysis

South County Hospital Healthcare is a registered charity in United States, based in Wakefield, RI. It received its IRS tax-exemption ruling in April 1934, 92 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, South County Hospital Healthcare reported income of $233.5m and spending of $240.0m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $204.0m to $233.5m (+14%), an average of +3.4% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South County Hospital Healthcare sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within RI. Charities of a similar size with the same main cause include Saint Lukes North Hospital ($233.4m), Northeast Behavioral Health Care Consortium ($233.9m) and On Lok Senior Health Service ($233.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.9m (1.6% of expenses). Other salaries and wages came to $94.7m. At year end it held assets of $186.9m against liabilities of $125.5m, net assets of $61.4m. It reported 1,735 employees.