Rhode Island Heritage Hall of Fame

Analysis

Rhode Island Heritage Hall of Fame is a registered charity in United States, based in East Providence, RI. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rhode Island Heritage Hall of Fame reported income of $122k and spending of $102k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $122k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rhode Island Heritage Hall of Fame sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within RI. Charities of a similar size with the same main cause include Brickton Art Center ($122k), Earl L and Corinne a Otto Community Theatre Endowment TR ($122k) and Grand Canyon Chamber Music Festival Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $27k against liabilities of $47k, net assets of -$20k.