EIN 47-1442997

Rip Medical Debt

IRS 501(c) type
501(c)(3)
Num. employees
20
Year formed
2014
Most recent tax filings
2022-12-01
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
$42,872,028
2022
Total expenses
$11,679,627
2022
Total assets
$88,257,653
2022
Num. employees
20
2022

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 (raised from 200% in march 2022), or have a Medical Debt more than 5% of estimated annual household gross income.
Education and public policy: engage in efforts to raise public awareness of the economic and social effects of Medical Debt. Inform and support 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$696,729
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$696,729
The Bonus FundGeneral Purposes$500,000
...and 127 more grants received totalling $4,528,122

Personnel at Rip Medical Debt

NameTitleCompensation
Allison SessoChief Executive Officer and President$290,193
Jana KnauerovaVice President Finance and Administration$117,891
David ReynoldsVice President Information Systems$200,587
Eva StahlVice President Public Policy$120,150
Priscilla Thomas-KeithVice President Program Management$153,183
...and 18 more key personnel

Financials for Rip Medical Debt

RevenuesFYE 12/2022
Total grants, contributions, etc.$42,362,810
Program services$0
Investment income and dividends$510,785
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,567
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$42,872,028

Form 990s for Rip Medical Debt

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-25990View PDF
2021-122022-08-23990View PDF
2020-122021-09-14990View PDF
2019-122021-02-18990View PDF
2018-122019-12-13990View PDF
...and 5 more Form 990s

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Data update history
May 18, 2024
Received grants
Identified 38 new grant, including a grant for $123,350 from National Christian Foundation / Natl Christian Charitable FDN Inc
October 26, 2023
Received grants
Identified 10 new grant, including a grant for $48,687 from The Blackbaud Giving Fund
August 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 1 new personnel
August 21, 2023
Used new vendors
Identified 4 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
Website URL
ripmedicaldebt.org/ 
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
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