Overview
What is The Riddle Healthcare Foundation?
The Riddle Healthcare Foundation is a nonprofit organization based in Media, Pennsylvania. Its primary focus is to support Riddle Memorial Hospital, ensuring funds are disbursed in accordance with donor intentions. This includes community education, capital purchases, and backing for various hospital programs like women's health, oncology, and community health. The foundation plays a crucial role in providing fundraising and development activities, contributing to the well-being of Riddle Memorial Hospital.
Official website here: www.mainlinehealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The Riddle Healthcare Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization has an outstanding accountability score of 94%, indicating effective governance and transparency, which is crucial for donor trust. The foundation's board is entirely independent, showcasing a strong oversight commitment, and its financial practices are well-structured and documented.
Strengths highlighted in the evaluation include a solid program expense ratio of 81.39%, suggesting that a significant portion of the funds is directed towards its mission-related programs. Additionally, the foundation has a remarkable working capital ratio, ensuring it has sufficient resources to sustain its operations over the long term. The organization has also established robust policies, including conflict of interest and whistleblower policies, demonstrating a proactive approach to governance and ethical practices.
However, there are some areas for improvement, particularly in fundraising efficiency, where the foundation scored lower at $0.29 per dollar raised. This suggests that while the organization is financially sound, it may need to enhance its fundraising strategies to increase the effectiveness of their fundraising efforts. Overall, The Riddle Healthcare Foundation exemplifies strong financial health and governance practices, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Riddle Healthcare Foundation legitimate?
The Riddle Healthcare Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Riddle Healthcare Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mainlinehealth.org
What is the mission statement of The Riddle Healthcare Foundation?
The Riddle Healthcare Foundation's primary mission is to spearhead fundraising and development activities. This mission is geared towards providing support for Riddle Memorial Hospital. The foundation's activities primarily involve disbursing funds in alignment with donor intentions, which may include community education, capital purchases, and backing for various hospital programs such as women's health, oncology, and community health. In essence, the Riddle Healthcare Foundation plays a crucial role in strengthening and enhancing the services provided by Riddle Memorial Hospital.
Official website here: www.mainlinehealth.org
What is the revenue of The Riddle Healthcare Foundation?
The Riddle Healthcare Foundation's revenue in 2023 was $8,585,993.
Official website here: www.mainlinehealth.org
Who are the executives of The Riddle Healthcare Foundation and what are their salaries?
There 87 volunteers at The Riddle Healthcare Foundation.
Here are 30 key members and their salaries:
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Official website here: www.mainlinehealth.org
Where can I find the form 990 for The Riddle Healthcare Foundation?
The Riddle Healthcare Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mainlinehealth.org
Learn more at the official website: www.mainlinehealth.org
Mission Statement of The Riddle Healthcare Foundation
The Riddle Healthcare Foundation is an organization dedicated to raising funds and providing developmental support for Riddle Memorial Hospital. Its mission is centered around channeling donations in accordance with donor intentions, primarily towards initiatives such as community education, capital purchases, and bolstering various hospital programs. These programs encompass a wide range of health-related areas, including women's health, oncology, and community health. By doing so, the foundation plays a crucial role in enhancing the capabilities and reach of Riddle Memorial Hospital, ultimately contributing to improved healthcare services for the community it serves.
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Impact
July, 2024
The Riddle Healthcare Foundation has a significant impact on the well-being of the community through its fundraising and development activities in support of Riddle Memorial Hospital. Funds disbursed by the foundation are used to benefit various hospital programs such as women's health, oncology, and community health, in addition to supporting capital purchases and community education initiatives. This support ensures that the hospital can continue to provide high-quality healthcare services to those in need.
This information is meant to be a general summary of The Riddle Healthcare Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,312,578
- Gross Receipts: $11,491,856
Assets and Liabilities:
- Total Assets: $67,050,477
- Total Liabilities: $3,078,776
- Net Assets: $63,971,701
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Organization Details
Founding Year
2001
Principal Officer
Shelly Buck
Website
www.mainlinehealth.orgNTEE Category
Code: E11 - Health
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