Accesspoint Ri

Analysis

Accesspoint Ri is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in January 1967, 59 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, Accesspoint Ri reported income of $12.7m and spending of $13.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.1m to $12.7m (+5.2%), an average of +1.3% a year. 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, Accesspoint Ri sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within RI. Charities of a similar size with the same main cause include Placer Community Action Council Inc ($12.7m), Weaverland Financial Aid ($12.7m) and Nationalities Service Center of Philadelphia ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $166k (1.2% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $4.9m against liabilities of $2.6m, net assets of $2.3m. It reported 273 employees.