O E S Home of Rhode Island

Analysis

O E S Home of Rhode Island is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, O E S Home of Rhode Island reported income of $1.5m and spending of $1.7m, spending 111% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income grew from $1.3m to $1.5m (+22%), an average of +4.0% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, O E S Home of Rhode Island sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within RI. Charities of a similar size with the same main cause include Dunn Family Senior Citizens Home Inc ($1.5m), Nonprofit Housing Preservation Pi Inc ($1.5m) and Rebuilding Together San Francisco ($1.5m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 15% and program service revenue 82% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $9.0m against liabilities of $45k, net assets of $8.9m. It reported 31 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.