Southern Rhode Island Volunteers

Analysis

Southern Rhode Island Volunteers is a registered charity in United States, based in Charlestown, RI. It received its IRS tax-exemption ruling in January 1982, 44 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 2024, Southern Rhode Island Volunteers reported income of $199k and spending of $213k, spending 107% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $224k to $199k (-11%), an average of -3.9% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Rhode Island Volunteers sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 50th percentile within RI. Charities of a similar size with the same main cause include Ralph Waldo Emerson School for Preschoolers Inc ($199k), Mountain Springs Swimming Club Inc ($199k) and Ektaa Center ($199k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $55k (26% of expenses). Other salaries and wages came to $96k. At year end it held assets of $141k against liabilities of $0, net assets of $141k. It reported 3 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.