Rhode Island Charities Trust

Analysis

Rhode Island Charities Trust is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rhode Island Charities Trust reported income of $103k and spending of $103k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $372k to $103k (-72%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rhode Island Charities Trust sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within RI. Charities of a similar size with the same main cause include Full Gospel Businessmens Fellowship International ($103k), Charture Institute ($103k) and Georgia Extension 4-H Foundation ($103k).

At year end it held assets of $15k against liabilities of $0, net assets of $15k.