Kent Hospital Foundation

Analysis

Kent Hospital Foundation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in February 2001, 25 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, Kent Hospital Foundation reported income of $1.2m and spending of $669k, leaving 42% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $1.2m (-26%), an average of -7.4% a year. The sharpest change came in the year to September 2021, when income rose by 170%. Over the whole period it spent 61% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kent Hospital Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within RI. Charities of a similar size with the same main cause include Bread of Life Community Development Corporation of Louisiana ($1.2m), The Cancer Foundation Inc ($1.2m) and Shoot for a Cure ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $4.2m against liabilities of $2.4m, net assets of $1.8m.