The Museum Associates Risd

Analysis

The Museum Associates Risd is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1979, 47 years ago. 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 May 2024, The Museum Associates Risd reported income of $135k and spending of $69k, leaving 49% of income unspent that year. Across the 2 years on record, from May 2022 to May 2024, income grew from $74k to $135k (+82%), an average of +82% a year. The sharpest change came in the year to May 2024, when income rose by 82%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Museum Associates Risd sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within RI. Charities of a similar size with the same main cause include Historical and Genealogical Society of Indiana County ($135k), Little League Baseball Inc ($135k) and Cambridge Street Community Development Corp ($135k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 30% and program service revenue 27% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.