Rhode Island Hospital Foundation
Rhode Island Hospital Foundation reported $25.4 million in revenue and $16.8 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $78.27 went to program services, $2.01 to management and general costs and $19.72 to fundraising. Its largest source of revenue was contributions and grants: 79.4% of the total. The highest compensation it reported for one person was $1,505,315 (EVP & CFO). Revenue rose 74% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $25M- Contributions & grants (non-government)$78.88 $20M
- Government grants$0.14 $35,000
- Investment income$20.98 $5.4M
Other revenue was negative: −$137K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.3% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 19.7% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.16 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 79.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,505,315 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 8.97% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 61.4 | 6.6 |
| Independent voting board members Part VI 1a–1b | 29 of 31 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseDuring fiscal year 2025, Rhode Island Hospital Foundation (RIHF) made transfers of $2,039,411 to Rhode Island Hospital (RIH) to support the renovations, relocation and creation of The POC Center for Sickle Cell and Other Diseases in addition to supporting both the program and staffing. Other significant philanthropic transfers to RIH were as follows: (1) $1,406,756 to Rainwater Neurosurgery Research in general support, including equipment purchases, for brain tumor and other brain cancer related research for the Brain Tumor Program within Neurosurgery at RIH; (2) $788,605 to provide resources…
Through the development and administration of its philanthropic activities, RIHF is able to transfer funds raised to RIH to support its mission and purposes, which in turn benefits the Rhode Island community. Most notably, RIHF provides philanthropic support to various programs at Hasbro Children's Hospital (HCH), the pediatric division of RIH. In fiscal year 2025, the Foundation transferred the following to various HCH programs and capital projects: (1) $516,012 for the general purposes of treating children with cancer as determined by the Director of Hematology/Oncology; (2) $434,208 to…
RIHF remitted $538,785 of endowment earnings to The Warren Alpert Medical School of Brown University in fiscal year 2025 in support of shared chairs in cardiothoracic surgery, orthopedics, urology, emergency medicine, and oncology
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EVP & CFO Officer, 0.1 hrs/week | $0 | $1,464,555 | $40,760 | $1,505,315 |
| President thru 6/24 Former, 0 hrs/week | $0 | $845,405 | $158,136 | $1,003,541 |
| President Director/trustee, officer, 10 hrs/week | $0 | $744,621 | $69,863 | $814,484 |
| Trustee Director/trustee, 0.5 hrs/week | $0 | $758,853 | $48,685 | $807,538 |
0 people received more than $100,000 in reportable compensation from Rhode Island Hospital Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b31 · 29 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 6328
Private foundation grants it received
13 private foundations reported grants to Rhode Island Hospital Foundation totaling $2.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Rhode Island Hospital Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Rhode Island Hospital Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Rhode Island Hospital Foundation spent in FY2025, $78.27 went to programs. The full breakdown, from its IRS Form 990:
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All health care charities · Largest charities in Rhode Island
Questions people ask
How much of Rhode Island Hospital Foundation's spending goes to programs?
In the fiscal year ending September 30, 2025, Rhode Island Hospital Foundation reported that 78.3% of its $16.8 million in expenses went to program services, 2.0% to management and general and 19.7% to fundraising (Form 990, Part IX).
How much does Rhode Island Hospital Foundation pay its top executive?
The largest total compensation Rhode Island Hospital Foundation reported for one person in the fiscal year ending September 30, 2025 was $1,505,315, for the role of EVP & CFO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Rhode Island Hospital Foundation get its money?
Of $25.4 million in revenue in the fiscal year ending September 30, 2025, 79.4% came from contributions and grants (including 0.1% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Rhode Island Hospital Foundation a registered charity?
The IRS lists EIN 05-0468736 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202632309349301103 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202512269349302126 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202412279349300941 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342239349300344 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202222249349301202 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112259349302601 · read the filing
All filings for EIN 05-0468736: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.