Care New England Health System
10 Charles Street Suite 250, Providence, RI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $175,544,985 | $184,062,220 | -$217,052,790 |
| FY2024 | $186,560,882 | $194,271,241 | -$208,713,924 |
| FY2023 | $189,328,753 | $179,135,413 | -$197,656,057 |
| FY2022 | $175,954,411 | $187,735,266 | -$209,896,214 |
| FY2021 | $172,013,739 | $177,797,113 | -$204,427,859 |
| FY2020 | $165,919,700 | $165,709,309 | -$207,183,321 |
| FY2019 | $151,776,108 | $150,977,849 | -$195,311,918 |
| FY2018 | $148,618,840 | $154,489,053 | -$171,462,109 |
| FY2017 | $145,387,664 | $158,315,097 | -$99,036,237 |
| FY2016 | $138,311,193 | $190,861,329 | -$86,705,976 |
| FY2015 | $127,580,512 | $132,070,940 | -$26,159,302 |
| FY2014 | $115,139,338 | $116,901,310 | -$16,199,193 |
| FY2013 | $94,595,741 | $92,631,246 | -$10,463,899 |
| FY2012 | $87,071,375 | $87,275,047 | -$19,344,973 |
Form 990 filings
The returns filed by Care New England Health System (EIN 05-0490997), 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 | $87,448 | <1% |
| Program service revenue | $173,796,019 | 99% |
| Other revenue | $1,661,518 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $165,695,347 | 90% |
| Management & general | $18,366,873 | 10% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2025.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2025. That is higher than 79.2% of 24 Health Care organizations in RI.
- Net assets covered about -14.2 months of expenses at the end of the reporting year. That puts it in the 3rd percentile among 94 Health Care organizations in RI.
- Total revenue was higher than 93% of 100 Health Care organizations in RI.
- Total revenue rose from $87,071,375 in FY2012 to $175,544,985 in FY2025. Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 10 of 14 reported years (FY2012, FY2014, FY2015, FY2016, FY2017, FY2018, FY2021, FY2022, FY2024, FY2025).
- The highest revenue on record here is $189,328,753 in FY2023.
- Net assets declined from -$19,344,973 to -$217,052,790 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
THE ORGANIZATION IS DEVOTED TO CONTINUALLY IMPROVING THE HEALTH AND WELL-BEING OF THE PEOPLE AND COMMUNITIES THEY SERVE.
IRS status
| Ruling year | 1997 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E210 — Health Care (in RI) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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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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