Ocean State Job Lot Charitable Foundation

Analysis

Ocean State Job Lot Charitable Foundation is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ocean State Job Lot Charitable Foundation reported income of $17.8m and spending of $17.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $17.8m (+156%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ocean State Job Lot Charitable Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within RI. Charities of a similar size with the same main cause include Lafh Phase II Qalicb Inc ($17.8m), Three Crowns Park ($17.8m) and Full Life Care ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $5.2m against liabilities of $1.6m, net assets of $3.6m.