Rhode Island Health Center Association Incorporated

Analysis

Rhode Island Health Center Association Incorporated is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 1977, 49 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 June 2023, Rhode Island Health Center Association Incorporated reported income of $4.5m and spending of $4.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $4.5m (+139%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 135%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rhode Island Health Center Association Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within RI. Charities of a similar size with the same main cause include Emc Health Foundation ($4.5m), Eureka Community & Benevolent Hospital ($4.5m) and Treehouse Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $269k (6.0% of expenses). Other salaries and wages came to $507k. At year end it held assets of $2.3m against liabilities of $764k, net assets of $1.5m. It reported 10 employees.