R I Hospitality Education Foundation

Analysis

R I Hospitality Education Foundation is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, R I Hospitality Education Foundation reported income of $220k and spending of $249k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $220k (+106%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 465%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, R I Hospitality Education Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 52nd percentile within RI. Charities of a similar size with the same main cause include Black Achievement Fund Inc ($219k), MVP Education Fund ($220k) and Challenge Outreach ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. At year end it held assets of $488k against liabilities of $329k, net assets of $159k.