Rome Hospital Foundation Inc

Analysis

Rome Hospital Foundation Inc is a registered charity in United States, based in Rome, NY. It received its IRS tax-exemption ruling in February 1991, 35 years ago. 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 December 2023, Rome Hospital Foundation Inc reported income of $6.8m and spending of $1.6m, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $6.8m (+1661%), an average of +105% a year. The sharpest change came in the year to December 2021, when income rose by 949%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rome Hospital Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Prevention Links ($6.8m), National Association of Housing & Redevelopment Officials ($6.8m) and Kids Corps Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $126k (8.1% of expenses). Other salaries and wages came to $57k. It paid $442k in professional fundraising fees. At year end it held assets of $13.5m against liabilities of $358k, net assets of $13.1m. It reported 2 employees.