Ocean State Center for Independent Living

Analysis

Ocean State Center for Independent Living is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Ocean State Center for Independent Living reported income of $2.5m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.5m (+22%), an average of +5.0% a year. The sharpest change came in the year to September 2021, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ocean State Center for Independent Living sits at the 85th percentile: it is larger than about 85% 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 Cascadia Housing Inc ($2.5m), Rancho San Antonio Guild ($2.5m) and Marian Center School and Services ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $748k against liabilities of $206k, net assets of $542k. It reported 36 employees.