The Pawtucket Foundation

Analysis

The Pawtucket Foundation is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2023, The Pawtucket Foundation reported income of $518k and spending of $535k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $276k to $518k (+87%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 301%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Pawtucket Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within RI. Charities of a similar size with the same main cause include Mod Movement ($518k), Usana True Health Foundation ($518k) and Occur ($517k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $145k. At year end it held assets of $291k against liabilities of $7,751, net assets of $283k. It reported 2 employees.