Better Lives Rhode Island

Analysis

Better Lives Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 1986, 40 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 June 2023, Better Lives Rhode Island reported income of $669k and spending of $586k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $433k to $669k (+54%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Better Lives Rhode Island sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within RI. Charities of a similar size with the same main cause include Leominster Telecommunications Corp Inc ($669k), Razorback Aquatic Club Inc ($669k) and NC Rams All-Sport Booster Club Inc ($669k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (14% of expenses). Other salaries and wages came to $315k. At year end it held assets of $148k against liabilities of $23k, net assets of $125k. It reported 9 employees.