Westerly Hospital Foundation Inc

Analysis

Westerly Hospital Foundation Inc is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in February 2000, 26 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Westerly Hospital Foundation Inc reported income of $1.0m and spending of $320k, leaving 68% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.6m to $1.0m (-62%), an average of -21% a year. The sharpest change came in the year to September 2021, when income rose by 211%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Westerly Hospital Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within RI. Charities of a similar size with the same main cause include Hospitality House of Charlotte ($1.0m), Charlottesville Area Dental Access ($1.0m) and Sacred Heart Mercy Health Care Center ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $9.1m against liabilities of $1.9m, net assets of $7.1m.