Rhode Island Public Expenditure Council

Analysis

Rhode Island Public Expenditure Council is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1945, 81 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Rhode Island Public Expenditure Council reported income of $699k and spending of $702k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $762k to $699k (-8.3%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rhode Island Public Expenditure Council sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within RI. Charities of a similar size with the same main cause include Little League Baseball Inc ($699k), Pacific and Asian Affairs Council ($699k) and Icon360 Inc ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $206k (29% of expenses). Other salaries and wages came to $148k. At year end it held assets of $321k against liabilities of $37k, net assets of $284k. It reported 6 employees.