The Village for Rhode Island Foster

Analysis

The Village for Rhode Island Foster is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in June 2022, 4 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, The Village for Rhode Island Foster reported income of $206k and spending of $222k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $26k to $206k (+697%), an average of +100% a year. The sharpest change came in the year to December 2022, when income rose by 503%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Village for Rhode Island Foster sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within RI. Charities of a similar size with the same main cause include Norfolk Casa Inc ($206k), Community Impact Network Inc ($206k) and Alpha Womens Resource Center Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,700 against liabilities of $0, net assets of $1,700.

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.