University Surgical Associates Inc
110 Elm Street 2nd Floor, Providence, RI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $54,813,653 | $63,094,266 | $11,282,426 |
| FY2024 | $51,088,505 | $55,808,338 | $20,328,243 |
| FY2023 | $45,374,352 | $49,357,568 | $22,072,020 |
| FY2022 | $43,777,859 | $46,872,662 | $24,100,371 |
| FY2021 | $42,930,028 | $45,694,688 | $32,428,350 |
| FY2020 | $40,663,754 | $42,422,892 | $30,087,360 |
| FY2019 | $39,866,201 | $41,120,432 | $29,977,365 |
| FY2018 | $40,193,029 | $38,556,352 | $27,285,098 |
| FY2017 | $37,974,255 | $37,498,031 | $25,654,883 |
| FY2016 | $37,174,643 | $37,619,720 | $25,184,619 |
| FY2015 | $39,267,856 | $37,615,783 | $25,629,696 |
| FY2014 | $37,358,279 | $36,149,557 | $23,977,620 |
| FY2013 | $34,925,484 | $32,912,454 | $22,768,898 |
| FY2012 | $32,584,536 | $31,193,228 | $20,755,868 |
Form 990 filings
The returns filed by University Surgical Associates Inc (EIN 05-0389803), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $994,389 | 2% |
| Program service revenue | $51,490,695 | 94% |
| Other revenue | $2,328,569 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $52,942,119 | 84% |
| Management & general | $10,152,147 | 16% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 94% of total revenue in FY2025.
- Program services accounted for 84% of functional expenses, management & general 16%, and fundraising 0%.
- 84% of functional expenses went to program services in FY2025.
- Net assets covered about 2.1 months of expenses at the end of the reporting year.
- Total revenue rose from $32,584,536 in FY2012 to $54,813,653 in FY2025. Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2016, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- Net assets declined from $20,755,868 to $11,282,426 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
UNIVERSITY SURGICAL ASSOCIATES, INC. IS A NONPROFIT CORPORATION FOUNDED TO PROVIDE DIAGNOSIS AND TREATMENT OF DISORDERS FOR PATIENTS OF RHODE ISLAND HOSPITAL AND OTHERS REQUIRING SURGERY, TO CONDUCT RESEARCH IN THE FIELD OF SURGERY, AND TO TEACH PHYSICIANS, MEDICAL STUDENTS AND OTHER HEALTH CARE
IRS status
| Ruling year | 1982 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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