Rhode Island Council for the Humanities

Analysis

Rhode Island Council for the Humanities is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 1979, 47 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 October 2023, Rhode Island Council for the Humanities reported income of $1.1m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $853k to $1.1m (+34%), an average of +7.5% a year. The sharpest change came in the year to October 2020, when income rose by 66%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rhode Island Council for the Humanities sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within RI. Charities of a similar size with the same main cause include Boys & Girls Club of El Dorado ($1.1m), Oklahoma Sheriff Association ($1.1m) and Good Institute ($1.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $118k (10% of expenses). Other salaries and wages came to $359k. At year end it held assets of $554k against liabilities of $269k, net assets of $285k. It reported 7 employees.