Lifespan Corporation
100% goes to programs $0 to raise $100 Growing revenue
Lifespan Corporation is a 501(c)(3) organization based in Providence, Rhode Island, registered in 1988, with $352,572,623 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
167 Point Street, Providence, RI, 02903 EIN 22-2861978 Since 1988
Revenue (FY2023)
$352.6M
▲ 16.7% vs prior year
Health median: $840K
Expenses (FY2023)
$359.3M
Net assets
$86.4M
Employees
1,239
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lifespan Corporation: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lifespan Corporation: 3 mo reserves · -2% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lifespan Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lifespan Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Delivering health with care while maintaining a comprehensive, integrated, academic health system. brown university health provides support services to its affiliates to assure the delivery of high quality health services, medical education, and biomedical research.
Contact & location
- Address
- 167 Point Street, Providence, RI, 02903
- City
- Providence
- State
- Rhode Island
- Category
- Health Care
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $156.7M (FY2013) to $352.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $392.4MNet assets $86.4M
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$478.8M
Total liabilities
$392.4M
Net assets
$86.4M
Salaries & benefits
$177.4M
49% of expenses
Board members
18
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $352,572,623▲16.7% | $359,263,520▲21.9% | $86,432,884▲78.3% | $478,816,383▲89.3% | 990 |
| 2022 | $302,231,899▲6.0% | $294,759,300▲2.6% | $48,474,368▲36.2% | $252,969,121▲7.7% | 990 |
| 2021 | $285,097,737▲1.4% | $287,327,416▲5.1% | $35,580,616▼3.1% | $234,961,621▼8.5% | 990 |
| 2020 | $281,124,527▲9.9% | $273,271,113▲13.9% | $36,703,351▲59.3% | $256,655,537▲64.0% | 990 |
| 2019 | $255,734,605▲6.4% | $239,971,511▲0.6% | $23,046,156▲307% | $156,472,473▲48.3% | 990 |
| 2018 | $240,445,480▲8.6% | $238,550,780▲18.5% | $5,657,772▼81.3% | $105,528,055▲26.2% | 990 |
| 2017 | $221,484,177▲8.1% | $201,300,414▲2.2% | $30,303,493▲1327% | $83,591,650▲14.1% | 990 |
| 2016 | $204,838,020▲2.0% | $197,036,937▲0.7% | $2,123,428▲125% | $73,274,748▲12.5% | 990 |
| 2015 | $200,757,000▲7.2% | $195,699,320▲5.3% | -$8,434,562▲1.2% | $65,156,601▲5.9% | 990 |
| 2014 | $187,248,118▲19.5% | $185,811,606▲23.4% | -$8,534,786▲68.3% | $61,527,516▲17.8% | 990 |
| 2013 | $156,681,645 | $150,608,137▲3.5% | -$26,926,436▲15.5% | $52,235,033▲57.4% | 990 |
| 2012 | — | $145,535,972▲0.2% | -$31,880,810▲20.2% | $33,185,223▼9.6% | 990 |
| 2011 | — | $145,295,855▲12.7% | -$39,939,974▼65.0% | $36,702,352▼3.8% | 990 |
| 2010 | — | $128,978,991▲4.6% | -$24,208,384▲5.1% | $38,142,513▼12.4% | 990 |
| 2009 | — | $123,350,833 | -$25,499,087 | $43,558,538 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Timothy J Babineau — $2,343,283 (0.65% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy J Babineau | Former President & Ceo | 0 | $2,343,283 |
| John Fernandez | President & Ceo | 30 | $2,148,746 |
| Peter K Markell | Evp & Cfo | 45 | $1,193,642 |
| Saul N Weingart Md | President - Rhode Island Hospital | 40 | $937,729 |
| Paul J Adler | Secretary | 23.8 | $926,856 |
| Cedric J Priebe | Svp- Chief Information Officer | 40 | $829,711 |
| Henry T Sachs III Md | President - Emma Pendleton Bradley Hospital | 40 | $767,763 |
| Maria P Ducharme | President - the Miriam Hospital | 40 | $690,464 |
| William Schmiedeknecht | Svp- Hr | 40 | $656,591 |
| Eva Greenwood | Treasurer | 37.5 | $649,185 |
| Crista F Durand | President - Newport Hospital | 40 | $591,433 |
| Kenneth E Wood | Chief Clinical Officer (thru 4/23) | 40 | $420,214 |
| David A Kirshner | Former Treasurer | 0 | $135,501 |
| Todd A Conklin | Former Evp & Coo | 0 | $116,826 |
| Arthur J Sampson | Former Interim President/ceo | 0 | $87,962 |
| Alan H Litwin | Vice Chair | 4 | — |
| Angel Taveras | Director (as of 12/23) | 1 | — |
| Christoper Cocks | Director | 1 | — |
| Edward D Feldstein Esq | Director | 0.5 | — |
| Emanuel Barrows | Director | 1.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Epic Systems Corp | It Clinical Infrastr | $7,384,849 |
| Dell Financial Services | I/s Support Svcs. | $2,433,868 |
| Tek Systems Inc | Consulting Services | $2,258,369 |
| Secureworks Inc | Info Security Svcs. | $2,134,930 |
| Automatic Data Processing (adp) | Payroll Processing | $1,540,164 |
Grants made · $163K in FY2023
4 grants totaling $163K in FY2023. All grants made by Lifespan Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Nonviolence Institute | Community health program sponsorship | $127,500 |
| American Heart Association Inc | Support cardiovascular health | $20,000 |
| Hopehealth Hospice & Palliative Care | Sponsorship | $10,000 |
| Rhode Island Public Expenditure Council | Charitable event sponsorship | $5,500 |
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Compare Lifespan Corporation
Frequently asked questions
- Is Lifespan Corporation a legitimate nonprofit?
- Yes. Lifespan Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2861978, based in Providence, Rhode Island. Donations are tax-deductible.
- What is Lifespan Corporation's EIN?
- Lifespan Corporation's Employer Identification Number (EIN) is 22-2861978.
- How much revenue does Lifespan Corporation report?
- Lifespan Corporation reported $352,572,623 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Lifespan Corporation's spending goes to programs?
- Lifespan Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lifespan Corporation have?
- CharityIndex grades Lifespan Corporation A, based on program efficiency and fundraising cost.
- How much does Lifespan Corporation's highest-paid employee make?
- The highest reported compensation on Lifespan Corporation's latest Form 990 is $2,343,283, paid to Timothy J Babineau (Former President & Ceo).
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Data for Lifespan Corporation (EIN 22-2861978) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.