Providence Village of Rhode Island

Analysis

Providence Village of Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 2016, 10 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, Providence Village of Rhode Island reported income of $428k and spending of $342k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $293k to $428k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Providence Village of Rhode Island sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 63rd percentile within RI. Charities of a similar size with the same main cause include Grand View Child Development Center Inc ($428k), Military Spouse Corporate Career Network Inc ($428k) and Christ Community International Inc ($428k).

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 $83k (24% of expenses). Other salaries and wages came to $120k. At year end it held assets of $371k against liabilities of $47k, net assets of $324k. It reported 3 employees.