Rhode Island Institute for Labor

Analysis

Rhode Island Institute for Labor is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Rhode Island Institute for Labor reported income of $1.4m and spending of $1.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.4m (+28%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rhode Island Institute for Labor sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 78th percentile within RI. Charities of a similar size with the same main cause include Friends of the 1883 Clarksburg Schoolhouse ($1.4m), National Association of Latino Arts & Culture ($1.4m) and Childrens Creative Project ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $153k (11% of expenses). Other salaries and wages came to $602k. At year end it held assets of $683k against liabilities of $246k, net assets of $437k. It reported 39 employees.