Leadership Rhode Island Educational Foundation
Leadership Rhode Island: Strong Mission, Consistent Financials
EIN: 222570460 · Providence, RI · NTEE: W70Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.7M |
| Program Spending | 75% |
| Net Assets | $855K |
| Transparency Score | 85/100 |
Is Leadership Rhode Island Educational Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leadership Rhode Island Educational Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leadership Rhode Island Educational Foundation
Leadership Rhode Island Educational Foundation (EIN: 222570460) is a nonprofit organization based in Providence, RI, classified under NTEE code W70Z. The organization reported total revenue of $2.1M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leadership Rhode Island Educational Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leadership Rhode Island Educational Foundation is a mid-size nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-54,083 |
| Total Assets | $1.5M |
| Total Liabilities | $691K |
| Net Assets | $855K |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 44.7% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, Leadership Rhode Island Educational Foundation reported a deficit of $54K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 44.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2009–2023), Leadership Rhode Island Educational Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.8% | +10.6% | +1.9% |
| 2022 | +4.3% | +38.3% | +11.5% |
| 2021 | +51.4% | +13.7% | +46.8% |
| 2020 | +14.4% | +25.1% | +13.4% |
| 2019 | +9.2% | -10.9% | +18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Leadership Rhode Island Educational Foundation with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Leadership Rhode Island Educational Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, which is common for organizations filing 990-EZ, making a specific assessment difficult without further investigation.
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 Leadership Rhode Island Educational Foundation:
- Consistent revenue growth over the past several years, from $698,268 in 2016 to $1,671,501 in 2023.
- Healthy asset base, growing from $552,650 in 2016 to $1,545,524 in 2023, indicating financial stability.
- Low liability-to-asset ratio, with liabilities of $690,564 against assets of $1,545,524 in 2023, suggesting good financial health.
Frequently Asked Questions about Leadership Rhode Island Educational Foundation
Is Leadership Rhode Island Educational Foundation a legitimate charity?
Leadership Rhode Island Educational Foundation (EIN: 222570460) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. 3 strengths noted. Financial health grade: B.
How does Leadership Rhode Island Educational Foundation spend its money?
Leadership Rhode Island Educational Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Leadership Rhode Island Educational Foundation tax-deductible?
Leadership Rhode Island Educational Foundation is registered as a tax-exempt nonprofit (EIN: 222570460). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Leadership Rhode Island Educational Foundation's spending goes to programs?
Leadership Rhode Island Educational Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Leadership Rhode Island Educational Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Leadership Rhode Island Educational Foundation is above average for NTEE category W70Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leadership Rhode Island Educational Foundation located?
Leadership Rhode Island Educational Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 222570460. It is classified under NTEE code W70Z.
How many years of IRS 990 filings does Leadership Rhode Island Educational Foundation have?
Leadership Rhode Island Educational Foundation has 14 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 $2.1M in total revenue.
What does Leadership Rhode Island Educational Foundation do?
Leadership Rhode Island Educational Foundation is a nonprofit organization in the Public & Society Benefit sector, located in Providence, Rhode Island. It is classified under NTEE code W70Z.
How much revenue does Leadership Rhode Island Educational Foundation have?
Leadership Rhode Island Educational Foundation reported total revenue of $2,072,130. Based on 14 IRS 990 filings on record.
What are Leadership Rhode Island Educational Foundation's total assets?
Leadership Rhode Island Educational Foundation holds total assets of $1,415,405 as reported in IRS 990 filings.
Where is Leadership Rhode Island Educational Foundation located?
Leadership Rhode Island Educational Foundation is based in Providence, Rhode Island.
What is Leadership Rhode Island Educational Foundation's EIN?
Leadership Rhode Island Educational Foundation's Employer Identification Number (EIN) is 222570460. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Leadership Rhode Island Educational Foundation?
Leadership Rhode Island Educational Foundation is classified under NTEE code W70Z (Public & Society Benefit).
Is Leadership Rhode Island Educational Foundation a registered 501(c)(3)?
Yes, Leadership Rhode Island Educational Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222570460.
Does Leadership Rhode Island Educational Foundation file IRS Form 990?
Yes, Leadership Rhode Island Educational Foundation has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Leadership Rhode Island Educational Foundation's revenue in 2023?
In the 202312 filing period, Leadership Rhode Island Educational Foundation reported total revenue of $1,671,501, total expenses of $1,725,584, and net assets of $1,545,524.
Is Leadership Rhode Island Educational Foundation's revenue growing or declining?
Leadership Rhode Island Educational Foundation's revenue is growing. Revenue went from $1,521,755 (202212) to $1,671,501 (202312), a +9.8% change. Based on 14 filings on record.
What is Leadership Rhode Island Educational Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Leadership Rhode Island Educational Foundation covers tax period 202312. It shows revenue of $1,671,501, expenses of $1,725,584, total assets of $1,545,524, and liabilities of $690,564.
How much does Leadership Rhode Island Educational Foundation spend on programs vs administration?
Based on IRS 990 analysis, Leadership Rhode Island Educational Foundation allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Leadership Rhode Island Educational Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Leadership Rhode Island Educational Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Leadership Rhode Island Educational Foundation's strengths?
Positive indicators for Leadership Rhode Island Educational Foundation include: Consistent revenue growth over the past several years, from $698,268 in 2016 to $1,671,501 in 2023.. Healthy asset base, growing from $552,650 in 2016 to $1,545,524 in 2023, indicating financial stability.. Low liability-to-asset ratio, with liabilities of $690,564 against assets of $1,545,524 in 2023, suggesting good financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Leadership Rhode Island Educational Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided data, which is common for organizations filing 990-EZ, making a specific assessment difficult without further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Leadership Rhode Island manage to maintain a 'c0%' (cash balance of 0%) across all reported years despite consistent revenue and asset growth?
The 'c0%' likely indicates that the cash balance is not explicitly reported or is zeroed out at the end of the fiscal year due to accounting practices or immediate reinvestment, rather than a literal absence of cash. Further investigation into their specific accounting methods or balance sheet details would be needed.
Filing History
IRS 990 filing history for Leadership Rhode Island Educational Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2009–2023), Leadership Rhode Island Educational Foundation's revenue has grown by 334.4%, moving from $385K to $1.7M. Total assets increased by 341.7% over the same period, from $350K to $1.5M. Total functional expenses rose by 320.1%, from $411K to $1.7M. In its most recent filing year (2023), Leadership Rhode Island Educational Foundation reported a deficit of $54K, with expenses exceeding revenue. The organization holds $691K in liabilities against $1.5M in assets (debt-to-asset ratio: 44.7%), resulting in net assets of $855K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $1.5M | $691K | — | — |
| 2022 | $1.5M | $1.6M | $1.5M | $644K | — | View 990 |
| 2021 | $1.5M | $1.1M | $1.4M | $352K | — | View 990 |
| 2020 | $964K | $992K | $926K | $330K | — | View 990 |
| 2019 | $842K | $793K | $817K | $281K | — | View 990 |
| 2018 | $771K | $890K | $690K | $269K | — | View 990 |
| 2017 | $785K | $773K | $710K | $264K | — | View 990 |
| 2016 | $698K | $671K | $553K | $187K | — | View 990 |
| 2015 | $598K | $676K | $311K | $16K | — | View 990 |
| 2014 | $527K | $566K | $481K | $189K | — | View 990 |
| 2013 | $463K | $477K | $385K | $84K | — | View 990 |
| 2012 | $402K | $427K | $449K | $162K | — | View 990 |
| 2011 | $450K | $414K | $469K | $188K | — | View 990 |
| 2009 | $385K | $411K | $350K | $178K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $1.5M (revenue +9.8% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $1.5M (revenue +4.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.1M, and assets of $1.4M (revenue +51.4% year-over-year).
- 2020: Revenue of $964K, expenses of $992K, and assets of $926K (revenue +14.4% year-over-year).
- 2019: Revenue of $842K, expenses of $793K, and assets of $817K (revenue +9.2% year-over-year).
- 2018: Revenue of $771K, expenses of $890K, and assets of $690K (revenue -1.7% year-over-year).
- 2017: Revenue of $785K, expenses of $773K, and assets of $710K (revenue +12.4% year-over-year).
- 2016: Revenue of $698K, expenses of $671K, and assets of $553K (revenue +16.8% year-over-year).
- 2015: Revenue of $598K, expenses of $676K, and assets of $311K (revenue +13.6% year-over-year).
- 2014: Revenue of $527K, expenses of $566K, and assets of $481K (revenue +13.8% year-over-year).
- 2013: Revenue of $463K, expenses of $477K, and assets of $385K (revenue +15.2% year-over-year).
- 2012: Revenue of $402K, expenses of $427K, and assets of $449K (revenue -10.8% year-over-year).
- 2011: Revenue of $450K, expenses of $414K, and assets of $469K (revenue +17.0% year-over-year).
- 2009: Revenue of $385K, expenses of $411K, and assets of $350K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leadership Rhode Island Educational Foundation:
Data Sources and Methodology
This transparency report for Leadership Rhode Island Educational Foundation 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.