Refugee Development Center Inc

Analysis

Refugee Development Center Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 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 2023, Refugee Development Center Inc reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $439k to $1.8m (+301%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Refugee Development Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within RI. Charities of a similar size with the same main cause include Central Arkansas Disability Services ($1.8m), Family of Care Alliance Inc ($1.8m) and Area Congregations Together in Service ($1.8m).

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 $247k (14% of expenses). Other salaries and wages came to $591k. At year end it held assets of $914k against liabilities of $138k, net assets of $777k. It reported 39 employees.