Blackstone Valley Community Health Care Inc

Analysis

Blackstone Valley Community Health Care Inc is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in March 1976, 50 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 December 2023, Blackstone Valley Community Health Care Inc reported income of $31.3m and spending of $30.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.5m to $31.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blackstone Valley Community Health Care Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within RI. Charities of a similar size with the same main cause include Luminis Health Imaging Inc ($31.3m), Finger Lakes Community Health Inc ($31.3m) and Beth Sholom Home of Virginia ($31.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.2m (4.0% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $29.5m against liabilities of $6.8m, net assets of $22.7m. It reported 287 employees.