Foundation for Rhode Island Dayschools

Analysis

Foundation for Rhode Island Dayschools is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in November 2006, 20 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 December 2023, Foundation for Rhode Island Dayschools reported income of $717k and spending of $716k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $531k to $717k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Rhode Island Dayschools sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within RI. Charities of a similar size with the same main cause include Clevelawn ($717k), Midrash Lman Achai ($717k) and Panhandle Alliance for Education Inc ($717k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $2,700, net assets of $42k.