Rhode Island Hospital Foundation

Analysis

Rhode Island Hospital Foundation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1994, 32 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 September 2023, Rhode Island Hospital Foundation reported income of $15.4m and spending of $14.4m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $17.7m to $15.4m (-13%), an average of -3.4% a year. The sharpest change came in the year to September 2020, when income dropped by 18%. Over the whole period it spent 97% 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 Hospital Foundation sits at the 87th percentile: it is larger than about 87% 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 Winifred Masterson Burke Medical Research ($15.4m), Sundown M Ranch Corporation ($15.4m) and Translational Genomics Research Institute Foundation ($15.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. It paid $139k in professional fundraising fees. At year end it held assets of $70.7m against liabilities of $178k, net assets of $70.5m.