Rhode Island Public Health Foundation Inc

Analysis

Rhode Island Public Health Foundation Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rhode Island Public Health Foundation Inc reported income of $6.9m and spending of $5.3m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $6.9m (+213%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 169%. Over the whole period it spent 87% 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 Public Health Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within RI. Charities of a similar size with the same main cause include Mobile Medical Care Inc ($6.9m), Rogue Retreat ($6.9m) and Redbanks Colonial Terrace ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $537k (10% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.9m against liabilities of $749k, net assets of $3.1m. It reported 48 employees.