Block Island Health Services Inc

Analysis

Block Island Health Services Inc is a registered charity in United States, based in Block Island, RI. It received its IRS tax-exemption ruling in January 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Block Island Health Services Inc reported income of $2.7m and spending of $1.8m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $2.7m (-36%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 259%. Over the whole period it spent 53% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Block Island Health Services Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within RI. Charities of a similar size with the same main cause include Ao North America Charitable Fund ($2.7m), Preventionfirst Inc ($2.7m) and Health Horizons Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $371k (20% of expenses). Other salaries and wages came to $617k. At year end it held assets of $10.9m against liabilities of $1.2m, net assets of $9.7m. It reported 17 employees.