Parent Support Network of Rhode Island

Analysis

Parent Support Network of Rhode Island is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in October 1993, 33 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 June 2023, Parent Support Network of Rhode Island reported income of $4.4m and spending of $4.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $4.4m (+146%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parent Support Network of Rhode Island sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within RI. Charities of a similar size with the same main cause include Long Beach Island Community Center Inc ($4.4m), Bay Area Turning Point Inc ($4.4m) and Schi Disability Services Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $852k against liabilities of $247k, net assets of $605k. It reported 93 employees.