Rhode Island Cte Trust on Career and Technical Education

Analysis

Rhode Island Cte Trust on Career and Technical Education is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 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 2020, Rhode Island Cte Trust on Career and Technical Education reported income of $50k and spending of $2,043, leaving 96% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $100k to $50k (-50%), an average of -50% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 6.7% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rhode Island Cte Trust on Career and Technical Education sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 18th percentile within RI. Charities of a similar size with the same main cause include Madeem Ministries ($50k), National Humanitarian Fundraising for Myanmar Inc ($50k) and Trinity 1922 Foundation ($50k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $213k against liabilities of $0, net assets of $213k.