Grow Smart Rhode Island

Analysis

Grow Smart Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Grow Smart Rhode Island reported income of $627k and spending of $703k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $600k to $627k (+4.5%), an average of +1.1% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grow Smart Rhode Island sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within RI. Charities of a similar size with the same main cause include Kansas Music Educators Association ($627k), Cleveland Classical Guitar Society ($627k) and Peoples Symphony Concerts ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Other salaries and wages came to $448k. At year end it held assets of $202k against liabilities of $194k, net assets of $7,463. It reported 7 employees.