African Alliance Of Rhode Island
African Alliance Of Rhode Island shows strong revenue growth and zero executive compensation over recent years.
EIN: 201688094 · Providence, RI · NTEE: P84 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $677K |
| Total Expenses | $239K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $398,212 |
| Net Assets | $373K |
| Transparency Score | 92/100 |
Is African Alliance Of Rhode Island Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
African Alliance Of Rhode Island directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About African Alliance Of Rhode Island
African Alliance Of Rhode Island (EIN: 201688094) is a nonprofit organization based in Providence, RI, classified under NTEE code P84. The organization reported total revenue of $677K and total assets of $674K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African Alliance Of Rhode Island's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African Alliance Of Rhode Island is a small nonprofit that has been operating for 20 years, with 6 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 21.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $398K |
| Total Expenses | $239K |
| Surplus / Deficit | +$160K |
| Total Assets | $379K |
| Total Liabilities | $6K |
| Net Assets | $373K |
| Operating Margin | 40.1% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, African Alliance Of Rhode Island reported a surplus of $160K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 6 years of filings (2010–2023), African Alliance Of Rhode Island's revenue has grown at a compound annual growth rate (CAGR) of 21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +15.1% | +6.7% |
| 2022 | +25.4% | -24.2% | +43.2% |
| 2021 | +7.9% | +128.0% | +11.3% |
| 2020 | +140.7% | +23.9% | +489.2% |
| 2019 | +276.8% | +242.1% | +1339.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates African Alliance Of Rhode Island with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, African Alliance Of Rhode Island allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $160K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are serving in a volunteer capacity, which is highly commendable for an organization of its growing size (latest revenue $398,212).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for African Alliance Of Rhode Island:
- Consistent revenue growth, from $114,660 in 2019 to $398,212 in 2023.
- 0% officer compensation reported across all filings, indicating volunteer leadership.
- Strong asset growth, from $37,826 in 2019 to $378,991 in 2023.
- Expenses consistently below revenue, leading to healthy surpluses and asset accumulation.
- Clear alignment between NTEE code (P84 - African Cultural & Ethnic Awareness) and organizational name/mission.
Frequently Asked Questions about African Alliance Of Rhode Island
Is African Alliance Of Rhode Island a legitimate charity?
Based on AI analysis of IRS 990 filings, African Alliance Of Rhode Island (EIN: 201688094) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does African Alliance Of Rhode Island spend its money?
African Alliance Of Rhode Island directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to African Alliance Of Rhode Island tax-deductible?
African Alliance Of Rhode Island is registered as a tax-exempt nonprofit (EIN: 201688094). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the African Alliance Of Rhode Island CEO make?
African Alliance Of Rhode Island's highest-compensated officer earns $398,212 annually. The organization reported $677K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of African Alliance Of Rhode Island's spending goes to programs?
African Alliance Of Rhode Island directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does African Alliance Of Rhode Island compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), African Alliance Of Rhode Island is above average for NTEE category P84 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is African Alliance Of Rhode Island located?
African Alliance Of Rhode Island is headquartered in Providence, Rhode Island and files with the IRS under EIN 201688094. It is classified under NTEE code P84.
How many years of IRS 990 filings does African Alliance Of Rhode Island have?
African Alliance Of Rhode Island has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $677K in total revenue.
Is African Alliance Of Rhode Island a good charity?
Based on the available data, African Alliance Of Rhode Island appears to be a very good charity. They demonstrate strong financial growth, efficient spending with expenses consistently below revenue, and a notable commitment to their mission by having 0% officer compensation across all reported periods. Their assets have grown significantly, indicating sound financial management.
How has African Alliance Of Rhode Island's revenue changed over time?
African Alliance Of Rhode Island has experienced substantial revenue growth, increasing from $114,660 in 2019 to $398,212 in 2023, representing a nearly 250% increase over five years. This indicates growing support and capacity.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, meaning its leadership serves without salary. This is a strong indicator of dedication to the mission and efficient use of funds.
Filing History
IRS 990 filing history for African Alliance Of Rhode Island showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2010–2023), African Alliance Of Rhode Island's revenue has grown by 1208.6%, moving from $30K to $398K. Total assets increased by 14321.3% over the same period, from $3K to $379K. Total functional expenses rose by 743%, from $28K to $239K. In its most recent filing year (2023), African Alliance Of Rhode Island reported a surplus of $160K, with revenue exceeding expenses. The organization holds $6K in liabilities against $379K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $373K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $398K | $239K | $379K | $6K | — | View 990 |
| 2022 | $373K | $207K | $355K | $-47,429 | — | View 990 |
| 2021 | $298K | $273K | $248K | $6K | — | View 990 |
| 2020 | $276K | $120K | $223K | $6K | — | — |
| 2019 | $115K | $97K | $38K | $0 | — | View 990 |
| 2010 | $30K | $28K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $398K, expenses of $239K, and assets of $379K (revenue +6.7% year-over-year).
- 2022: Revenue of $373K, expenses of $207K, and assets of $355K (revenue +25.4% year-over-year).
- 2021: Revenue of $298K, expenses of $273K, and assets of $248K (revenue +7.9% year-over-year).
- 2020: Revenue of $276K, expenses of $120K, and assets of $223K (revenue +140.7% year-over-year).
- 2019: Revenue of $115K, expenses of $97K, and assets of $38K (revenue +276.8% year-over-year).
- 2010: Revenue of $30K, expenses of $28K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African Alliance Of Rhode Island:
Data Sources and Methodology
This transparency report for African Alliance Of Rhode Island is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.