Womens Fund of Rhode Island

Analysis

Womens Fund of Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 2005, 21 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 December 2023, Womens Fund of Rhode Island reported income of $518k and spending of $484k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $325k to $518k (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 196%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Womens Fund of Rhode Island sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within RI. Charities of a similar size with the same main cause include Fosters Child Care & Dev Ctr Inc ($518k), Binghampton Community Christian Life Center ($518k) and Bar Harbor Food Pantry ($518k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $96k (20% of expenses). Other salaries and wages came to $188k. At year end it held assets of $1.2m against liabilities of $828, net assets of $1.2m. It reported 10 employees.