Designxri

Analysis

Designxri is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Designxri reported income of $728k and spending of $834k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $712k to $728k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Designxri sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within RI. Charities of a similar size with the same main cause include Elmore County Economic Development Authority ($728k), Pink Boots Society ($729k) and Clergy United for the Transformation of Sandtown CDC ($728k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Other salaries and wages came to $314k. At year end it held assets of $206k against liabilities of $162k, net assets of $45k. It reported 9 employees.