Ocean State Community Wellness Inc

Analysis

Ocean State Community Wellness Inc is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ocean State Community Wellness Inc reported income of $651k and spending of $876k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $651k (+324%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 347%. Over the whole period it spent 127% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ocean State Community Wellness Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within RI. Charities of a similar size with the same main cause include All About Abcs Learning Center Inc ($651k), Urban Council Development Incorporated ($651k) and From Con to Christ Dare to Be Different ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 7.9% of the total. Other salaries and wages came to $344k. At year end it held assets of $1.8m against liabilities of $2.6m, net assets of -$813k. It reported 25 employees.

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.