Society of Cincinnati in the State of R I & Providence Plantations

Analysis

Society of Cincinnati in the State of R I & Providence Plantations is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 2009, 17 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 March 2024, Society of Cincinnati in the State of R I & Providence Plantations reported income of $109k and spending of $37k, leaving 66% of income unspent that year. Across the 4 years on record, from March 2021 to March 2024, income fell from $173k to $109k (-37%), an average of -14% a year. The sharpest change came in the year to March 2023, when income dropped by 259%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Cincinnati in the State of R I & Providence Plantations sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within RI. Charities of a similar size with the same main cause include Polish Cultural Center Advisory Board ($109k), Steps for Youth ($109k) and Naval Undersea Museum Foundation Naval Historical Center ($109k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 45% of the total. At year end it held assets of $990k against liabilities of $0, net assets of $990k.