Rhode Island Black Heritage Society

Analysis

Rhode Island Black Heritage Society is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Black Heritage Society reported income of $606k and spending of $511k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $578k to $606k (+4.7%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 1038%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rhode Island Black Heritage Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within RI. Charities of a similar size with the same main cause include Fab Lab Tulsa Inc ($606k), Hungary Initiatives Foundation Inc ($606k) and The Battalion Drum and Bugle Corps Inc ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $116k (23% of expenses). Other salaries and wages came to $125k. At year end it held assets of $197k against liabilities of $0, net assets of $197k. It reported 6 employees.