Islamic Center of Rhode Island Inc

Analysis

Islamic Center of Rhode Island Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1976, 50 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Islamic Center of Rhode Island Inc reported income of $242k and spending of $294k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $242k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Islamic Center of Rhode Island Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 54th percentile within RI. Charities of a similar size with the same main cause include Joseph & Elizabeth Shaw Public Library ($242k), Delaware Horsemens Assistance Fund Inc ($242k) and Catacap ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.