Community College of Rhode Island Foundation

Analysis

Community College of Rhode Island Foundation is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community College of Rhode Island Foundation reported income of $2.5m and spending of $2.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.5m (+77%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community College of Rhode Island Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 84th percentile within RI. Charities of a similar size with the same main cause include James Madison Preparatory School Inc ($2.5m), Unite and Renew Educational Foundation Inc ($2.5m) and Conductive Education Center of Orlando Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $9.3m against liabilities of $962k, net assets of $8.4m.