EIN 47-1442997

Rip Medical Debt

IRS 501(c) type
501(c)(3)
Num. employees
28
Year formed
2014
Most recent tax filings
2023-12-01
Description
Rip Medical Debt's mission is to end medical debt and be a source of justice in an unjust healthcare finance system by combining the generosity of donors. They relieve medical debt for individuals experiencing poverty or hardships that make paying off the debt impossible. They locate, acquire, and abolish medical debt. They are located in Long Island City, NY.
Also known as...
Medical Debt Resolution
Total revenues
$28,294,801
2023
Total expenses
$22,656,788
2023
Total assets
$95,897,379
2023
Num. employees
28
2023

Program areas at Rip Medical Debt

Medical Debt relief: locate, acquire, and abolish, i.e. Relieve, Medical Debt for individuals earning 400% or less than the federal poverty level, or have a Medical Debt more than 5% of estimated annual household gross income.
Community engagement, education and public policy: efforts to raise public awareness of the economic and social effects of Medical Debt, strategic partnerships for furthering community awareness and youth engagement, and informing and supporting public policy efforts to address systemic causes of Medical Debt.
Technology infrastructure development program: research, design, and develop technologies to directly support the organization's core mission of locating, acquiring, and abolishing Medical Debt.
Medical Debt research

Who funds Rip Medical Debt

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$30,671,260
Mcchord FoundationGeneral$500,000
The Bonus FundGeneral Purposes$500,000
...and 159 more grants received totalling $36,488,252

Personnel at Rip Medical Debt

NameTitleCompensation
Allison SessoPresident and Chief Executive Officer$300,289
Ravneeta ConsulChief Operating Officer
Jana KnauerovaVice President , Finance and Administration$144,330
David ReynoldsVice President , Information Systems$213,053
Eva StahlVice President Public Policy$151,900
...and 13 more key personnel

Financials for Rip Medical Debt

RevenuesFYE 12/2023
Total grants, contributions, etc.$26,290,875
Program services$0
Investment income and dividends$2,061,575
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-57,649
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$28,294,801

Form 990s for Rip Medical Debt

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-26990View PDF
2022-122023-07-25990View PDF
2021-122022-08-23990View PDF
2020-122021-09-14990View PDF
2019-122021-02-18990View PDF
...and 6 more Form 990s

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Homeownership Preservation Foundation (HPF)Farmington Hills, MI$14,063,939
Michigan 2-1-1Lansing, MI$9,019,725
Center for People in NeedLincoln, NE$8,673,346
Wildfire / Arizona Community Action AssociationPhoenix, AZ$9,052,539
Reinvestment PartnersDurham, NC$21,170,302
Dollar Energy FundPittsburgh, PA$78,056,438
Ride ConnectionPortland, OR$71,074,935
Data update history
January 14, 2025
Received grants
Identified 42 new grant, including a grant for $500,000 from Mcchord Foundation
November 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 3, 2024
Updated personnel
Identified 19 new personnel
October 23, 2024
Received grants
Identified 19 new grant, including a grant for $67,470 from American Endowment Foundation
October 21, 2024
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Human service organizationsFamily service centersCharities
Issues
Human services
Characteristics
Political advocacyLobbyingPartially liquidatedNational levelReceives government fundingTax deductible donations
General information
Address
28-07 Jackson Ave 5th FL
Long Island City, NY 11101
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Queens County, NY
Phone
(844) 637-3328
IRS details
EIN
47-1442997
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P50: Personal Social Services
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0271999
FTB Entity ID
4628966
AB 488 data last updated ("as-of") date
2025-03-19
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