Grantmakers Council of Rhode Island Inc

Analysis

Grantmakers Council of Rhode Island Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grantmakers Council of Rhode Island Inc reported income of $65k and spending of $49k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $65k (-5.7%), an average of -5.7% a year. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grantmakers Council of Rhode Island Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within RI. Charities of a similar size with the same main cause include American Friends of Biet Yaakov Ko Tomar ($65k), Missouri Masonic Foundation for the Prevention of Substance Abuse Inc ($65k) and Sprinkler Fitters Local 281 Charities ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 8.4% of the total. At year end it held assets of $147k against liabilities of $48k, net assets of $100k.