Rhode Island Construction Training Academy

Analysis

Rhode Island Construction Training Academy is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Rhode Island Construction Training Academy reported income of $398k and spending of $428k, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $368k to $398k (+8.1%), an average of +1.6% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rhode Island Construction Training Academy sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within RI. Charities of a similar size with the same main cause include Excelsior Academy ($397k), Public Schools of Calumet Laurium & Keweenaw Foundation Inc ($398k) and Caps Network Inc ($397k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $109k (25% of expenses). Other salaries and wages came to $108k. At year end it held assets of $610k against liabilities of $94k, net assets of $517k. It reported 25 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.