African Alliance of Rhode Island

Analysis

African Alliance of Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 2006, 20 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, African Alliance of Rhode Island reported income of $398k and spending of $239k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $276k to $398k (+44%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, African Alliance of Rhode Island sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 62nd percentile within RI. Charities of a similar size with the same main cause include Southeast Georgia Womens Center Inc ($398k), Jacobs Home ($398k) and Kaweah Delta Hospice Foundation ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $66k (28% of expenses). At year end it held assets of $379k against liabilities of $6,290, net assets of $373k.