Fraternity Managers Association of the University of Rhode Island

Analysis

Fraternity Managers Association of the University of Rhode Island is a registered charity in United States, based in Kingston, RI. It received its IRS tax-exemption ruling in May 1982, 44 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Fraternity Managers Association of the University of Rhode Island reported income of $426k and spending of $362k, spending 85% of its income. Across the 5 years on record, from July 2019 to July 2024, income grew from $284k to $426k (+50%), an average of +11% a year. The sharpest change came in the year to July 2020, when income rose by 31%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fraternity Managers Association of the University of Rhode Island sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 63rd percentile within RI. Charities of a similar size with the same main cause include Hertel-North Park Youth Baseball League Inc ($426k), Holmdel Youth Activities Association ($426k) and Little League Baseball Inc ($426k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.7% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $83k (23% of expenses). Other salaries and wages came to $117k. At year end it held assets of $813k against liabilities of $1,680, net assets of $811k. It reported 2 employees.