Rhode Island Manufacturing Institute

Analysis

Rhode Island Manufacturing Institute is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in September 2005, 21 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 July 2023, Rhode Island Manufacturing Institute reported income of $1.0m and spending of $904k, spending 89% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $694k to $1.0m (+46%), an average of +9.9% a year. The sharpest change came in the year to July 2021, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rhode Island Manufacturing Institute sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within RI. Charities of a similar size with the same main cause include Lau Health Foundation Inc ($1.0m), Butler County Federated Library System ($1.0m) and Arizona Center for Afterschool Excellence ($1.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $118k (13% of expenses). Other salaries and wages came to $442k. At year end it held assets of $690k against liabilities of $320k, net assets of $369k. It reported 15 employees.