Juneteenth Ri

Analysis

Juneteenth Ri is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Juneteenth Ri reported income of $236k and spending of $259k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $236k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Juneteenth Ri sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 53rd percentile within RI. Charities of a similar size with the same main cause include Andean Textile Arts Inc ($236k), Compass Arts Creativity Project Inc ($236k) and Houston Repertoire Ballet ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $14k (5.6% of expenses). At year end it held assets of $8,820 against liabilities of $0, net assets of $8,820.