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Rhode Island · Nonprofit

Women & Infants Corporation

Women & Infants Corporation (Rhode Island) receives grants from 6 organizations whose IRS filings report $242,325 to it, the largest being RAYMOND T & ANN T MANCINI FAMILY FOUNDATION ($93,500). 4 of them have funded it in more than one year.

Revenue FY2025
$11M
Funders on record
6
Grants received
$242k
Net assets
$130M
4/6 repeat funderspeak grant-dependency 1%
01What it does

What Women & Infants Corporation does

Mission

The mission of Women & Infants Corporation is to support the women & infants hospital of rhode island; a related internal revenue code section 501(c)(3) tax-exempt organization, and affiliates. The hospital, a teaching hospital of the warren alpert school of brown university, is committed to improving health and well being of women and infants and to provide essential services regardless of ability to pay.

As stated on its FY2025 Form 990.

Program

  1. Expenses incurred in supporting women & infants hospital of rhode island; a related internal revenue code section 501(c)(3) tax-exempt organization, and affiliates.

    $0 spent$422,200 earned by the program

The program described on its FY2024 Form 990. Program spending in total: $0.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($5.3M) Expenses 100 ($13M) Net assets 100 ($79M)2018 Revenue 88 ($4.7M) Expenses 2 ($301k) Net assets 107 ($85M)2019 Revenue 72 ($3.8M) Expenses 0 ($0) Net assets 110 ($87M)2020 Revenue 57 ($3.0M) Expenses 0 ($0) Net assets 117 ($92M)2021 Revenue 123 ($6.5M) Expenses 0 ($8k) Net assets 139 ($110M)2022 Revenue 252 ($13M) Expenses 0 ($0) Net assets 114 ($90M)2023 Revenue 51 ($2.7M) Expenses 0 ($0) Net assets 129 ($102M)2024 Revenue 127 ($6.7M) Expenses 0 ($0) Net assets 153 ($121M)2025 Revenue 200 ($11M) Expenses 0 ($0) Net assets 164 ($130M)
'17'18'19'20'21'22'23'24'25
Revenue (200)Expenses (0)Net assets (164)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $110M to $90M (−18%).

$79M
$85M
$87M
$92M
$110M
$90M
$102M
$121M
$130M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

4% of Women & Infants Corporation’s revenue is contributions — about as donation-reliant as the typical peer (7% for the typical peer).

This organization
Typical peer · 4,743 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

−$7.3M
’17
$4.4M
’18
$3.8M
’19
$3.0M
’20
$6.5M
’21
$13M
’22
$2.7M
’23
$6.7M
’24
$11M
’25
15570
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Michael E Wagner Md

Director - president/CEO/cne

Board chair

Gary E Furtado

Chairman - director

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed312222272018181820
Joined·+1+2+7+0+0+5+0+3
No longer listed·102272501
03Who funds it

Who funds it, year by year

2018 → 2023: the base held at 2 funders, grant income rose $12k → $40k.

1 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 21% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Women & Infants Corporation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Women & Infants Corporation leans on a few funders — its largest provides 39% of grant income and the top three 95%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

39%
largest funder
95%
top three
~3
effective funders

Largest funder’s share by year: 2018 87% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 63% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

Women & Infants Corporation draws 93% of its grant income from funders outside Rhode Island, across 3 states in all.

MA
RI
TX

In-state vs out-of-state, by year

’18
’19
’20
’21
’22
’23
Rhode Island out of state home

Funder states come from each funder’s own filing. $50k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Women & Infants Corporation has grown faster than half of the 2,843 health nonprofits its size.

Operating margin100% · outside the comparable range
Revenue growth (annualized)9% · above the median

this organization peer median middle 50% of peers· 2,843 health nonprofits $10M–$100M, FY2025

Organizations like Women & Infants Corporation

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Rhode Island

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

0% of spending goes to programs.

Program 0%Management 0%Fundraising 0%

Governance

17
board members
76%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 27 related entities

  • Blackstone Health Inc · exempt
  • Butler Hospital · exempt
  • Butler Hospital Foundation · exempt
  • Care New England Health System · exempt
  • Grandview Realty Corporation · exempt

Screen this organization

A dated, signed PDF of the compliance screen for Women & Infants Corporation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Women & Infants Corporation?
Women & Infants Corporation (Rhode Island) receives grants from 6 organizations whose IRS filings report $242,325 to it, the largest being RAYMOND T & ANN T MANCINI FAMILY FOUNDATION ($93,500). 4 of them have funded it in more than one year.
How many funders does Women & Infants Corporation have?
IRS filings report 6 organizations giving $242,325 in grants to Women & Infants Corporation, 4 of which have funded it in more than one year.
Who is the largest funder of Women & Infants Corporation?
RAYMOND T & ANN T MANCINI FAMILY FOUNDATION is the largest funder on record, with $93,500 in grants. The full list of funders is on this page.
How can an organization like Women & Infants Corporation find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Rhode Island. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing