AIDS Care Ocean State Inc

Analysis

AIDS Care Ocean State Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 August 2023, AIDS Care Ocean State Inc reported income of $6.1m and spending of $5.6m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.4m to $6.1m (+15%), an average of +3.4% a year. The sharpest change came in the year to August 2023, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, AIDS Care Ocean State Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within RI. Charities of a similar size with the same main cause include Curesearch for Childrens Cancer ($6.1m), Mental Health Assoc of San Mateo County ($6.1m) and National Association for Public Health Stats and Info Systems ($6.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $161k (2.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $7.1m against liabilities of $724k, net assets of $6.4m. It reported 62 employees.