Rhode Island Center for the Book

Analysis

Rhode Island Center for the Book is a registered charity in United States, based in Barrington, RI. It received its IRS tax-exemption ruling in December 2018, 8 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 Center for the Book reported income of $175k and spending of $197k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $189k to $175k (-7.0%), an average of -7.0% a year. Over the whole period it spent 110% 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 Center for the Book sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within RI. Charities of a similar size with the same main cause include New England Music Festival Association Inc ($175k), Through a Childs Eye Foundation ($175k) and National Cambodian Museum & Killing Fields Memorial ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $88k against liabilities of $3,537, net assets of $85k.