Silver Lake Annex Multi-Purpose Community Center

Analysis

Silver Lake Annex Multi-Purpose Community Center is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1977, 49 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 2024, Silver Lake Annex Multi-Purpose Community Center reported income of $491k and spending of $490k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $385k to $491k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silver Lake Annex Multi-Purpose Community Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within RI. Charities of a similar size with the same main cause include Impact Hub Houston ($491k), Family Guidance Inc ($491k) and Shiloh Arms Day Care Development Corporation ($491k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $39k (7.9% of expenses). Other salaries and wages came to $254k. At year end it held assets of $541k against liabilities of $1,773, net assets of $539k. It reported 11 employees.