Rhode Island Turnpike and Bridge Foundation

Analysis

Rhode Island Turnpike and Bridge Foundation is a registered charity in United States, based in Jamestown, RI. It received its IRS tax-exemption ruling in May 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 June 2022, Rhode Island Turnpike and Bridge Foundation reported income of $127k and spending of $148k, spending 117% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $152k to $127k (-17%), an average of -5.9% a year. The sharpest change came in the year to June 2021, when income dropped by 105%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rhode Island Turnpike and Bridge Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 38th percentile within RI. Charities of a similar size with the same main cause include Christian Mens Job Corps of Lufkin ($127k), Project Stork Inc ($127k) and Gift of Life Mid South Inc ($127k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 27% of the total. At year end it held assets of $83k against liabilities of $74k, net assets of $9,585.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.