Tri-County Community Action Agency

Analysis

Tri-County Community Action Agency is a registered charity in United States, based in Johnston, RI. It received its IRS tax-exemption ruling in April 1967, 59 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 September 2023, Tri-County Community Action Agency reported income of $38.5m and spending of $35.8m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.6m to $38.5m (+45%), an average of +9.6% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri-County Community Action Agency sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within RI. Charities of a similar size with the same main cause include Family & Community Services Inc ($38.4m), Parents in Community Action ($38.6m) and Community Food Bank of Central Alabama ($38.4m).

On its Form 990 for the period ending September 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 $424k (1.2% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $28.4m against liabilities of $4.3m, net assets of $24.1m. It reported 484 employees.