Neighborhood Health Plan of Rhode Island

Analysis

Neighborhood Health Plan of Rhode Island is a registered charity in United States, based in Smithfield, RI. It received its IRS tax-exemption ruling in June 2002, 24 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, Neighborhood Health Plan of Rhode Island reported income of $1.88bn and spending of $1.88bn, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.35bn to $1.88bn (+39%), an average of +8.6% 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, Neighborhood Health Plan of Rhode Island sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within RI. Charities of a similar size with the same main cause include Sutter Health ($1.88bn), Childrens Hospital Colorado ($1.88bn) and Ohiohealth Corporation ($1.88bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.2m (0.1% of expenses). Other salaries and wages came to $33.1m. At year end it held assets of $578.8m against liabilities of $446.7m, net assets of $132.0m. It reported 780 employees.