Rhode Island Rescue Ministries

Analysis

Rhode Island Rescue Ministries is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 1999, 27 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, Rhode Island Rescue Ministries reported income of $6.5m and spending of $6.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.0m to $6.5m (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rhode Island Rescue Ministries sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within RI. Charities of a similar size with the same main cause include Sister Carmen Community Center Inc ($6.5m), Childrens Place Association ($6.5m) and Hubbard House Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (1.5% of expenses). Other salaries and wages came to $380k. At year end it held assets of $914k against liabilities of $39k, net assets of $876k. It reported 17 employees.