Rhode Island Dream Center

Analysis

Rhode Island Dream Center is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rhode Island Dream Center reported income of $89k and spending of $61k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $185k to $89k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rhode Island Dream Center sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within RI. Charities of a similar size with the same main cause include Deyarmin Foundation ($89k), Parc Inc Plainville ($89k) and The Valley of Change ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.