Elizabeth Buffum Chace Center

Analysis

Elizabeth Buffum Chace Center is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in November 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 June 2023, Elizabeth Buffum Chace Center reported income of $1.3m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $889k to $1.3m (+49%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elizabeth Buffum Chace Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within RI. Charities of a similar size with the same main cause include Carroll Area Child Care Center Inc ($1.3m), Iyengar Yoga Association of Greater New York ($1.3m) and Triangle North Healthcare Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $150k (11% of expenses). At year end it held assets of $3.5m against liabilities of $184k, net assets of $3.3m. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.