Rhode Island’s Top 100 Non-Profits Have Over $16 Billion in Assets
GoLocalProv News Team and Kate Nagle
Rhode Island’s Top 100 Non-Profits Have Over $16 Billion in Assets
The hundred largest nonprofits in Rhode Island have combined assets over $16 billion, according to their latest IRS 990s -- and top ten (not including credit unions) amount for over $10 billion alone.
Topping the list? Colleges and hospitals -- and the state's largest philanthropic foundation.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTSLIDES: See Rhode Island's Top 100 Nonprofits by Assets BELOW
A GoLocal analysis of tax data compiled by nonprofit watchdog ProPublica found just how much the state's largest charitable organizations claimed in the asset column.
"In cases when you have universities and hospitals perceived to have a lot of money and revenue generating capacity, and unlike business, are not very likely to move -- a lot of the nonprofits are fairly bound to the soil they're on -- they're an attractive place for people to look for revenue," said Aaron Renn, Senior Fellow at the Manhattan Institute and national urban analyst. "Take Chicago, where a lot of nonprofits had historically gotten free water, now the city decided to charge them for water."
"The challenge for a city isn't necessarily how to you factor in non-profits. The more fundamental problem is that there aren't many successful commercial tax paying businesses in a lot of places," said Renn. "So the economies have become dominated by nonprofits. This is arising because the economy has collapsed in those cities, and the biggest issue is getting the economy back -- getting the profit generating sector going."
Value of Nonprofits
"Brown is one of the largest taxpayers in the city. From July 2013-June 2014, the University has paid more than $7.9 million to the city in voluntary and property tax payments plus more than $2.3 million in water, sewer, and other fees," writes Brown on their website.
According to Brown's acting communications manager Mark Nickel, that tax number will rise to $8.2 million in soon-to-be released updated materials from Brown -- which touts such talking points as 1,325 Brown employees live in Providence, and that Brown has invested from $1 million in Thayer Street improvements to over $200 million in the Jewelry District over the past decade.
Some taxpayer groups however question the role that universities and hospitals have in the state as nonprofit entities.
"What I think is happening is some of the universities and foundations are obviously recipients of preferential tax treatment -- whether that's federal, state or local law-- now it appears many are taking advantage of the situation to have more and more taken off the tax roles," said Mike Stenhouse with the Rhode Island Center for Freedom and Prosperity.
"And we see the same foundations and universities getting involved in public policy issues," continued Stenhouse. "If it's not to siphon off tax funds for their own purposes, why are they having such an influential say in public policy?"
Social Services
While the state's top hundred nonprofits can claim millions in assets, national nonprofit strategist Patricia Schaefer spoke to the competitive -- and constantly evolving -- world of philanthropy.
"Thirty years ago, traditional foundations and philanthropists were largely in a reactive mode, relying on those in the field to inform them and make their best case for support," said Schaefer. "Today we have a highly preemptive model of philanthropy and newer philanthropists and entrepreneurs want to see things happening on the ground now - they want to be part of the mechanics of change, involving themselves in the creation of social change networks, as opposed to individual organizations."
As for the possiblity of local nonprofits being asked to further contribute to Providence -- and Rhode Island -- Renn provided his perspective.
"Providence is in a tough situation with Brown," said Renn. " I don't believe that [Brown] is hostile, they just don't want to turn into an ATM when the city isn't reforming other aspects that of they need to address, starting with the pension system."
The 100 Largest Non-Profits in Rhode Island
#100
Company Name: Church Community Housing Corporation
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $18,414,913
#99
Company Name: Saint Antoine Residence
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $19,104,042
#98
Company Name: Westerly Land Trust
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2012
Total Assets: $19,209,042
#97
Company Name: Gateway Healthcare
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $19,531,455
#96
Company Name: Amy Plant Slatter Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $19,580,437
#95
Company Name: Thundermist Health Center
Org. Type: 501(c)(3)
Fiscal Year Ending: August 2013
Total Assets: $20,114,766
#94
Company Name: Moses Brown School Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2014
Total Assets: $20,471,216
#93
Company Name: Lincoln School
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $20,951,163
#92
Company Name: Biogen Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $21,156,769
#91
Company Name: FM Global Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $21,398,128
#90
Company Name: Sharpe Family Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $21,512,369
#89
Company Name: Gordon School
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $22,865,048
#88
Company Name: Steere House
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $22,970,587
#87
Company Name: St. Elizabeth Community
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $24,392,335
#86
Company Name: Shriners of Rhode Island Trust
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $24,638,985
#85
Company Name: Child and Family Services of Newport
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $24,703,612
#84
Company Name: Rhode Island College Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $24,983,500
#83
Company Name: Naval War College Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $26,604,533
#82
Company Name: Redwood Library and Athenaem
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $26,637,542
#81
Company Name: University Surgical Associates
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $27,334,560
#80
Company Name: Audubon Society of RI
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $27,786,166
#79
Company Name: Children’s Friend
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $27,853,045
#78
Company Name: University Medicine Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $28,132,698
#77
Company Name: Home and Hospice Care of RI
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $29,179,344
#76
Company Name: Amica Companies Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2012
Total Assets: $29,935,865
#75
Company Name: Samuel Freeman Charitable Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $29,940,503
#74
Company Name: Woonsocket Neighborhood Development Corp
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $30,332,328
#73
Company Name: TriMix Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $30,587,000
#72
Company Name: Providence Public Library Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $31,820,384
#71
Company Name: YMCA Pawtucket
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $32,833,487
#70
Company Name: Times2 Inc
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $33,670,874
#69
Company Name: Newport Restoration Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $33,952,845
#68
Company Name: Memorial and Library Association
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $34,034,112
#67
Company Name: Feinstein Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $34,171,211
#66
Company Name: PPAC
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $34,316,374
#65
Company Name: Roger Williams Law School
Org. Type: (501)(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $34,536,000
#64
Company Name: Plan International USA
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $36,951,753
#63
Company Name: Meeting Street
Org. Type: 501(c)(3)
Fiscal Year Ending: August 2013
Total Assets: $38,933,494
#62
Company Name: RI Blood Center
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $38,937,953
#61
Company Name: OSHEAN, Inc.
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $38,945,842
#60
Company Name: Greater Providence YMCA
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $39,710,483
#59
Company Name: Gordon Research Conferences
Org. Type: 501(c)(3)
Fiscal Year Ending: October 2013
Total Assets: $40,643,987
#58
Company Name: CVS Caremark Charitable Trust
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $41,398,945
#57
Company Name: ProvPort Inc.
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $43,174,375
#56
Company Name: St. Andrews School
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $43,939,583
#55
Company Name: Jewish Federation Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $47,138,605
#54
Company Name: Preservation Society of Newport County
Org. Type: 501(c)(3)
Fiscal Year Ending: March 2014
Total Assets: $49,797,781
#53
Company Name: Jonathan Nelson Family Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $50,427,395
#52
Company Name: Seth Sprague Educational and Charitable Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $50,926,807
#51
Company Name: Rhode Island Hospital Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $53,927,147
#50
Company Name: Landmark Medical Center
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $54,452,021
#49
Company Name: Memorial Hospital
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $55,728,659
#48
Company Name: Providence Community Health Centers
Org. Type: 501(c)(3)
Fiscal Year Ending: November 2013
Total Assets: $56,763,431
#47
Company Name: LMW Healthcare
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $58,654,97
#46
Company Name: Women and Infants Corporation
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $59,200,632
#45
Company Name: Memorial Hospital Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $60,150,167
#44
Company Name: International Tennis Hall of Fame
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $60,266,635
#43
Company Name: North American Catholic Education Programming
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $60,857,704
#42
Company Name: Westerly Hospital
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2012
Total Assets: $61,548,498
#41
Company Name: Tockwotton Home
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $64,755,230
#40
Company Name: American Athletic Conference
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $66,670,782
#39
Company Name: Clay Mathematics Institute
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $69,270,772
#38
Company Name: 1772 Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $71,604,385
#37
Company Name: Homeownership Affordability Trust Fund
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $73,861,423
#36
Company Name: St. Joseph’s Health Service
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $77,002,711
#35
Company Name: Wheeler School
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2014
Total Assets: $85,169,605
#34
Company Name: Karing
Org. Type: 501(c)(4)
Fiscal Year Ending: June 2013
Total Assets: $86,078,959
#33
Company Name: Butler Hospital
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $87,976,25
#32
Company Name: LG Balfour Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: March 2014
Total Assets: $97,794,510
#31
Company Name: Roger Williams Medical Central
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $100,109,462
#30
Company Name: Proprietors of Swan Point Cemetery
Org. Type: 501(c)(13)
Fiscal Year Ending: December 2012
Total Assets: $104,509,717
#29
Company Name: Delta Dental
Org. Type: 501(c)(4)
Fiscal Year Ending: December 2013
Total Assets: $112,273,893
#28
Company Name: South County Hospital
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $115,062,718
#27
Company Name: Charles & Agnes Kazarian Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: November 2013
Total Assets: $124,783,232
#26
Company Name: Bradley Hospital
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $129,964,006
#25
Company Name: Dr. Ralph and Marian Falk Medical Research Trust
Org. Type: 501(c)(3)
Fiscal Year Ending: November 2013
Total Assets: $131,058,917
#24
Company Name: Neighborhood Health Plan
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $134,475,983
#23
Company Name: URI Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $135,974,992
#22
Company Name: Care New England
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $129,665,881
#21
Company Name: American Mathematical Society
Org. Type: (501)(c)3
Fiscal Year Ending: December 2013
Total Assets: $140,161,469
#20
Company Name: Newport Hospital Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $150,962,397
#19
Company Name: Salve Regina University
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $153,779,495
#18
Company Name: Kent County Hospital
Org. Type: 501 (c)(3)
Fiscal Year Ending: September 2013
Total Assets: $169,139,183
#17
Company Name: U.W. Eugene Higgins Charity
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $171,872,194
#16
Company Name: Warren Alpert Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2012
Total Assets: $195,020,101
#15
Company Name: St. George’s School
Org. Type: 501(c)(4)
Fiscal Year Ending: June 2013
Total Assets: $195,282,099
#14
Company Name: Champlain Foundation (Third)
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $235,600,752
#13
Company Name: New England Institute of Technology
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $218,633,441
#12
Company Name: Plan International Inc.
Org. Type: 501(c)(3)
Fiscal Year Ending June 2013
Total Assets: $288,910,069
#11
Company Name: Roger Williams University
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $295,411,000
#10
Company Name: Newport Hospital
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $325,236,038
#9
Company Name: Women and Infants Hospital
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $343,217,250
#8
Company Name: Bryant University
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $375,442,504
#7
Company Name: Miriam Hospital
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $439,298,535
#6
Company Name: RISD
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $561,270,231
#5
Company Name: Providence College
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $622,188,667
#4
Company Name: The Rhode Island Foundation
Org. Type: 501(c)(3)
Fiscal Year Ending: December 2013
Total Assets: $736,167,411
#3
Company Name: Johnson and Wales University
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $892,385,151
#2
Company Name: Rhode Island Hospital
Org. Type: 501(c)(3)
Fiscal Year Ending: September 2013
Total Assets: $1,309,249,253
#1
Company Name: Brown University
Org. Type: 501(c)(3)
Fiscal Year Ending: June 2013
Total Assets: $4,397,600,917
