YWCA of Rhode Island

Analysis

YWCA of Rhode Island is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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, YWCA of Rhode Island reported income of $4.1m and spending of $4.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.1m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, YWCA of Rhode Island sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within RI. Charities of a similar size with the same main cause include East Los Angeles Remarkable Citizens Association Inc ($4.1m), International Needs ($4.1m) and Jolley Trolley Transportation of Clearwater Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 34% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $9.6m against liabilities of $2.3m, net assets of $7.2m. It reported 66 employees.