Rhode Island Donation Exchange Program

Analysis

Rhode Island Donation Exchange Program is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in August 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 2024, Rhode Island Donation Exchange Program reported income of $367k and spending of $345k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $232k to $367k (+58%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rhode Island Donation Exchange Program sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within RI. Charities of a similar size with the same main cause include Norfolk Advocates for Children Inc ($367k), Brattleboro Center for Children Inc ($367k) and State College Area Meals-On-Wheels ($367k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $318k against liabilities of $0, net assets of $318k.