Rican-Rhode Island Center Assisting Those in Need

Analysis

Rican-Rhode Island Center Assisting Those in Need is a registered charity in United States, based in Charlestown, RI. It received its IRS tax-exemption ruling in December 2008, 18 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, Rican-Rhode Island Center Assisting Those in Need reported income of $1.6m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $822k to $1.6m (+95%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 157%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rican-Rhode Island Center Assisting Those in Need sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within RI. Charities of a similar size with the same main cause include WNC Communities ($1.6m), Hole Food Rescue Corp ($1.6m) and Casa de Peregrinos Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.8% of the total. Other salaries and wages came to $216k. At year end it held assets of $1.5m against liabilities of $55k, net assets of $1.4m. It reported 13 employees.