Adoption Rhode Island

Analysis

Adoption Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 1985, 41 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 June 2023, Adoption Rhode Island reported income of $3.3m and spending of $3.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.3m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adoption Rhode Island sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within RI. Charities of a similar size with the same main cause include Care Givers of New Jersey Inc ($3.2m), Pettengill House ($3.3m) and Southeastern Indiana YMCA Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $140k (4.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.7m against liabilities of $1.5m, net assets of $1.2m. It reported 34 employees.