Statewide Bay Landing II Inc

Analysis

Statewide Bay Landing II Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in April 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Statewide Bay Landing II Inc reported income of $195k and spending of $206k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $198k to $195k (-1.5%), an average of -0.4% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Statewide Bay Landing II Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within RI. Charities of a similar size with the same main cause include Neighborhood Improvement Development Corporation Inc ($195k), Lincoln Avenue Apartments Inc ($195k) and Pinnacle Resource Center ($195k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $877k against liabilities of $33k, net assets of $844k.

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.