Leadership Rhode Island Educational Foundation

Analysis

Leadership Rhode Island Educational Foundation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Leadership Rhode Island Educational Foundation reported income of $1.7m and spending of $1.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $842k to $1.7m (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leadership Rhode Island Educational Foundation sits at the 83rd percentile: it is larger than about 83% 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 Wholistic Stress Control Institute Inc ($1.7m), Centurion Ministries ($1.7m) and White Oak Emergency Medical Service ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $129k (7.5% of expenses). Other salaries and wages came to $790k. At year end it held assets of $1.5m against liabilities of $691k, net assets of $855k. It reported 14 employees.