Donation Center Foundation of Rhode Island

Analysis

Donation Center Foundation of Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Donation Center Foundation of Rhode Island reported income of $5.9m and spending of $6.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $5.9m (+84%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Donation Center Foundation of Rhode Island 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 93rd percentile, and in the 90th percentile within RI. Charities of a similar size with the same main cause include Family Career and Community Leaders of America Inc ($5.9m), Founding Forward ($5.9m) and Methow Conservancy ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $157k (2.5% of expenses). Other salaries and wages came to $669k. At year end it held assets of $1.4m against liabilities of $802k, net assets of $607k. It reported 29 employees.