Big Brothers Big Sisters of Rhode Island Inc

Analysis

Big Brothers Big Sisters of Rhode Island Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, Big Brothers Big Sisters of Rhode Island Inc reported income of $2.1m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.1m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers Big Sisters of Rhode Island Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within RI. Charities of a similar size with the same main cause include Ministry Seven ($2.1m), San Luis Valley Development Resources Group ($2.1m) and Stafford Emergency Relief Through Volunteer Efforts of Stafford Coun ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $256k (13% of expenses). Other salaries and wages came to $803k. At year end it held assets of $5.4m against liabilities of $1.1m, net assets of $4.2m. It reported 23 employees.