Rhode Island Association for the Education of Young Children

Analysis

Rhode Island Association for the Education of Young Children is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in October 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rhode Island Association for the Education of Young Children reported income of $3.3m and spending of $3.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $3.3m (+167%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rhode Island Association for the Education of Young Children 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 89th percentile, and in the 86th percentile within RI. Charities of a similar size with the same main cause include Syracuse Health Science Center Medical Alumni Foundation Inc ($3.3m), Riverfield Academy ($3.3m) and 10th and 51st Housing Development Fund Company Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (3.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.1m against liabilities of $723k, net assets of $338k. It reported 23 employees.