Brown Medicine

Analysis

Brown Medicine is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Brown Medicine reported income of $101.7m and spending of $104.9m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $87.0m to $101.7m (+17%), an average of +4.0% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brown Medicine sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within RI. Charities of a similar size with the same main cause include Covenant Health System ($101.7m), Fairview Hospital ($101.8m) and Washoe Barton Medical Clinic a Nevada Nonprofit Corporation ($101.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $5.6m (5.4% of expenses). Other salaries and wages came to $63.2m. At year end it held assets of $77.6m against liabilities of $33.9m, net assets of $43.7m. It reported 616 employees.