Family Service of Rhode Island Inc

Analysis

Family Service of Rhode Island Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 1935, 91 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Family Service of Rhode Island Inc reported income of $24.3m and spending of $23.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.3m to $24.3m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Service of Rhode Island Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within RI. Charities of a similar size with the same main cause include Covenant Living of Colorado ($24.3m), Forest at Duke Inc ($24.3m) and Block Institute Inc ($24.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $669k (2.9% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $17.8m against liabilities of $2.9m, net assets of $14.9m. It reported 337 employees.