Association of Independent Colleges and Universities of Rhode Island

Analysis

Association of Independent Colleges and Universities of Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Association of Independent Colleges and Universities of Rhode Island reported income of $561k and spending of $560k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $494k to $561k (+14%), an average of +4.4% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of Independent Colleges and Universities of Rhode Island sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within RI. Charities of a similar size with the same main cause include Eca Support Corporation ($561k), Tumblehome Inc ($561k) and Iit Gandhinagar Foundation ($561k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $236k (42% of expenses). Other salaries and wages came to $57k. At year end it held assets of $505k against liabilities of $389k, net assets of $116k. It reported 2 employees.