Rome Hospital Foundation Inc

Organization Overview

Rome Hospital Foundation Inc, operating under the name Rome Health Foundation Inc, is located in Rome, NY. The organization was established in 1991. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Rome Health Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rome Health Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Rome Health Foundation Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO BE A VEHICLE TO RECEIVE AND ADMINISTER GIFTS AND BEQUESTS TO ROME MEMORIAL HOSPITAL INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS A NON-PROFIT CORPORATION ORGANIZED TO PROVIDE FUNDS FOR THE IMPROVEMENT OF PATIENT CARE AT ROME MEMORIAL HOSPITAL.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$221,300
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,502,496
Noncash contributions included in lines 1a–1f $40,764
Total Revenue from Contributions, Gifts, Grants & Similar$6,723,796
Total Program Service Revenue$0
Investment income $152,967
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$78,042
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,798,721

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