Newport Hospital Foundation Inc

Analysis

Newport Hospital Foundation Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in May 1985, 41 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Newport Hospital Foundation Inc reported income of $8.1m and spending of $8.6m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.3m to $8.1m (-12%), an average of -3.2% a year. The sharpest change came in the year to September 2023, when income rose by 1370%. Over the whole period it spent 151% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Newport Hospital Foundation Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within RI. Charities of a similar size with the same main cause include Hudson Health Services Inc ($8.1m), Child Mind Medical Practice PLLC ($8.1m) and Nova Behavioral Health Inc ($8.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $116.9m against liabilities of $1.1m, net assets of $115.9m.