Rodman Commons Inc

Analysis

Rodman Commons Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 2010, 16 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 2024, Rodman Commons Inc reported income of $164k and spending of $286k, spending 174% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $180k to $164k (-8.8%), an average of -3.0% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rodman Commons Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within RI. Charities of a similar size with the same main cause include Rippling Waters ($164k), Hometown Apartments Inc ($164k) and Lumber River Cog Housing Corporation ($164k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 57% of the total. Other salaries and wages came to $41k. At year end it held assets of $2.4m against liabilities of $3.2m, net assets of -$812k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.