Rhode Island Coalition for the Homeless

Analysis

Rhode Island Coalition for the Homeless is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Rhode Island Coalition for the Homeless reported income of $3.9m and spending of $3.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $3.9m (+261%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 371%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rhode Island Coalition for the Homeless sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within RI. Charities of a similar size with the same main cause include Pacific Manor Inc ($3.9m), Habitat for Humanity International Inc ($3.9m) and Montgomery Housing Partnership Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $146k (3.8% of expenses). Other salaries and wages came to $1.9m. It paid $2,785 in professional fundraising fees. At year end it held assets of $2.5m against liabilities of $2.3m, net assets of $245k. It reported 53 employees.