University of Rhode Island Research Foundation

Analysis

University of Rhode Island Research Foundation is a registered charity in United States, based in Kingston, RI. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, University of Rhode Island Research Foundation reported income of $8.4m and spending of $8.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $8.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, University of Rhode Island Research Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within RI. Charities of a similar size with the same main cause include Kanu O Ka Aina Learning Ohana ($8.4m), Guardian Org Foundation ($8.4m) and Community Music Center ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $391k (4.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $6.5m against liabilities of $2.1m, net assets of $4.4m. It reported 21 employees.