Rhode Island Indian Council Inc

Analysis

Rhode Island Indian Council Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1976, 50 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, Rhode Island Indian Council Inc reported income of $5.2m and spending of $3.0m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $5.2m (+119%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rhode Island Indian Council Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within RI. Charities of a similar size with the same main cause include Mutual Ground Inc ($5.2m), Childcare Network of Niagara Frontier Inc ($5.2m) and Life Crisis Center Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $160k (5.4% of expenses). At year end it held assets of $6.3m against liabilities of $62k, net assets of $6.2m. It reported 14 employees.