The University of Rhode Island Foundation & Alumni Engagement

Analysis

The University of Rhode Island Foundation & Alumni Engagement is a registered charity in United States, based in Kingston, RI. It received its IRS tax-exemption ruling in August 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. 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 University of Rhode Island Foundation & Alumni Engagement reported income of $33.5m and spending of $40.0m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $36.5m to $33.5m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2020, when income rose by 75%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The University of Rhode Island Foundation & Alumni Engagement sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within RI. Charities of a similar size with the same main cause include University of Montana Foundation ($33.5m), Cairn University ($33.5m) and Altus Schools San Diego ($33.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $921k (2.3% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $291.8m against liabilities of $8.6m, net assets of $283.2m. It reported 82 employees.