Rhode Island College Foundation

Analysis

Rhode Island College Foundation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 1978, 48 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, Rhode Island College Foundation reported income of $3.4m and spending of $3.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $3.4m (-13%), an average of -3.6% a year. The sharpest change came in the year to June 2021, when income rose by 178%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rhode Island College Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within RI. Charities of a similar size with the same main cause include National Basketball Retired Players Association Inc ($3.4m), Lenoir-Greene County Partnership for Children ($3.4m) and New Village Charter School Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $657k. At year end it held assets of $43.3m against liabilities of $1.3m, net assets of $42.0m. It reported 10 employees.