Litarts Ri

Analysis

Litarts Ri is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 2019, 7 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, Litarts Ri reported income of $890k and spending of $380k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $890k (+336%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Litarts Ri sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within RI. Charities of a similar size with the same main cause include Human Services Coalition of Prince Georges County ($890k), Greater Greenwood United Ministry Inc ($891k) and Edmond Family Counseling Inc ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $148k (39% of expenses). Other salaries and wages came to $17k. At year end it held assets of $708k against liabilities of $7,567, net assets of $700k. It reported 3 employees.