Rhode Island Center for Freedom and Prosperity

Analysis

Rhode Island Center for Freedom and Prosperity is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Center for Freedom and Prosperity reported income of $230k and spending of $243k, spending 106% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $305k to $230k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rhode Island Center for Freedom and Prosperity sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 53rd percentile within RI. Charities of a similar size with the same main cause include Grafton Volunteer Fire Department Inc ($230k), Bellasnova Foundation ($230k) and Alexandria Volunteer Fire Co ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (36% of expenses). Other salaries and wages came to $33k. At year end it held assets of $403k against liabilities of $135k, net assets of $268k. It reported 2 employees.