Nami Rhode Island
Nami Rhode Island: Strong Program Spending, but Declining Net Assets
EIN: 222805141 · Providence, RI · NTEE: F80Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $518K |
| Total Expenses | $280K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $356K |
| Transparency Score | 85/100 |
Is Nami Rhode Island Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nami Rhode Island directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nami Rhode Island
Nami Rhode Island (EIN: 222805141) is a nonprofit organization based in Providence, RI, classified under NTEE code F80Z. The organization reported total revenue of $518K and total assets of $483K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nami Rhode Island's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nami Rhode Island is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $505K |
| Total Expenses | $280K |
| Surplus / Deficit | +$225K |
| Total Assets | $367K |
| Total Liabilities | $11K |
| Net Assets | $356K |
| Operating Margin | 44.5% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 15.7 months |
Financial Health Grade: A
In 2023, Nami Rhode Island reported a surplus of $225K with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nami Rhode Island's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +87.2% | +16.4% | +169.1% |
| 2022 | +18.4% | -1.3% | +6.7% |
| 2021 | -12.6% | +16.1% | -11.2% |
| 2020 | +18.7% | -10.6% | +94.9% |
| 2019 | -18.7% | -4.0% | -12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Nami Rhode Island 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Nami Rhode Island allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $225K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is not a concern, as Nami Rhode Island consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings.
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.
Red Flags
The following concerns were identified during AI analysis of Nami Rhode Island's IRS 990 filings:
- Net assets have shown a significant decline from $143,684 in 2020 to $366,643 in 2023, despite increasing revenues.
- The organization's liabilities have increased from $1,120 in 2016 to $10,855 in 2023, indicating a growing debt burden.
Strengths
The following positive indicators were identified for Nami Rhode Island:
- Nami Rhode Island consistently allocates a high percentage of its expenses to program services, reaching 85% in 2023.
- Revenue has shown a positive trend, increasing from $213,721 in 2017 to $504,716 in 2023.
- The organization maintains a very low administrative and fundraising overhead, with administrative expenses at 10% and fundraising at 5% in 2023.
Frequently Asked Questions about Nami Rhode Island
Is Nami Rhode Island a legitimate charity?
Nami Rhode Island (EIN: 222805141) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $518K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Nami Rhode Island spend its money?
Nami Rhode Island directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nami Rhode Island tax-deductible?
Nami Rhode Island is registered as a tax-exempt nonprofit (EIN: 222805141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nami Rhode Island CEO make?
Nami Rhode Island's highest-compensated officer earns $0 annually. The organization reported $518K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nami Rhode Island's spending goes to programs?
Nami Rhode Island directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nami Rhode Island compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Nami Rhode Island is above average for NTEE category F80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nami Rhode Island located?
Nami Rhode Island is headquartered in Providence, Rhode Island and files with the IRS under EIN 222805141. It is classified under NTEE code F80Z.
How many years of IRS 990 filings does Nami Rhode Island have?
Nami Rhode Island has 13 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 $518K in total revenue.
What does Nami Rhode Island do?
Nami Rhode Island is a nonprofit organization in the Mental Health & Crisis Intervention sector, located in Providence, Rhode Island. It is classified under NTEE code F80Z.
How much revenue does Nami Rhode Island have?
Nami Rhode Island reported total revenue of $517,844. Based on 13 IRS 990 filings on record.
What are Nami Rhode Island's total assets?
Nami Rhode Island holds total assets of $483,316 as reported in IRS 990 filings.
Where is Nami Rhode Island located?
Nami Rhode Island is based in Providence, Rhode Island.
What is Nami Rhode Island's EIN?
Nami Rhode Island's Employer Identification Number (EIN) is 222805141. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Nami Rhode Island?
Nami Rhode Island is classified under NTEE code F80Z (Mental Health & Crisis Intervention).
Is Nami Rhode Island a registered 501(c)(3)?
Yes, Nami Rhode Island is recognized as a tax-exempt organization by the IRS. EIN: 222805141.
Does Nami Rhode Island file IRS Form 990?
Yes, Nami Rhode Island has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Nami Rhode Island's revenue in 2023?
In the 202306 filing period, Nami Rhode Island reported total revenue of $504,716, total expenses of $280,121, and net assets of $366,643.
Is Nami Rhode Island's revenue growing or declining?
Nami Rhode Island's revenue is growing. Revenue went from $269,663 (202206) to $504,716 (202306), a +87.2% change. Based on 13 filings on record.
What is Nami Rhode Island's most recent 990 filing?
The most recent IRS Form 990 filing for Nami Rhode Island covers tax period 202306. It shows revenue of $504,716, expenses of $280,121, total assets of $366,643, and liabilities of $10,855.
How much does Nami Rhode Island spend on programs vs administration?
Based on IRS 990 analysis, Nami Rhode Island allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Nami Rhode Island a trustworthy charity?
Based on AI analysis of IRS 990 data, Nami Rhode Island appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Nami Rhode Island?
The following concerns were identified: Net assets have shown a significant decline from $143,684 in 2020 to $366,643 in 2023, despite increasing revenues.. The organization's liabilities have increased from $1,120 in 2016 to $10,855 in 2023, indicating a growing debt burden.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Nami Rhode Island's strengths?
Positive indicators for Nami Rhode Island include: Nami Rhode Island consistently allocates a high percentage of its expenses to program services, reaching 85% in 2023.. Revenue has shown a positive trend, increasing from $213,721 in 2017 to $504,716 in 2023.. The organization maintains a very low administrative and fundraising overhead, with administrative expenses at 10% and fundraising at 5% in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Nami Rhode Island compensate executives?
Executive compensation is not a concern, as Nami Rhode Island consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Despite increasing revenues, why have Nami Rhode Island's net assets decreased significantly from $143,684 in 2020 to $366,643 in 2023?
The decrease in net assets, despite rising revenues, suggests that expenses have grown at a faster rate than income, or there have been significant non-operating losses or asset write-downs. Further analysis of detailed expense categories beyond the summary 990 data would be needed to pinpoint the exact cause.
Given the consistent reporting of $0 in executive compensation, how does Nami Rhode Island attract and retain leadership?
The consistent reporting of $0 for executive compensation suggests that the organization may rely heavily on volunteer leadership, or that key leadership roles are compensated through other means not categorized as 'officer, director, trustee, or key employee compensation' on the 990, such as through a related management company or as regular employee salaries not subject to this specific disclosure line.
Filing History
IRS 990 filing history for Nami Rhode Island showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nami Rhode Island's revenue has grown by 128.3%, moving from $221K to $505K. Total assets increased by 198.4% over the same period, from $123K to $367K. Total functional expenses rose by 23.8%, from $226K to $280K. In its most recent filing year (2023), Nami Rhode Island reported a surplus of $225K, with revenue exceeding expenses. The organization holds $11K in liabilities against $367K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $356K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $505K | $280K | $367K | $11K | — | View 990 |
| 2022 | $270K | $241K | $136K | $5K | — | View 990 |
| 2021 | $228K | $244K | $128K | $25K | — | — |
| 2020 | $260K | $210K | $144K | $25K | — | — |
| 2019 | $219K | $235K | $74K | $6K | — | View 990 |
| 2018 | $270K | $245K | $85K | $2K | — | View 990 |
| 2017 | $214K | $227K | $60K | $2K | — | View 990 |
| 2016 | $234K | $204K | $39K | $1K | — | View 990 |
| 2015 | $222K | $211K | $47K | $24K | — | View 990 |
| 2014 | $198K | $260K | $34K | $21K | — | View 990 |
| 2013 | $477K | $487K | $92K | $36K | — | View 990 |
| 2012 | $231K | $264K | $105K | $39K | — | View 990 |
| 2011 | $221K | $226K | $123K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $505K, expenses of $280K, and assets of $367K (revenue +87.2% year-over-year).
- 2022: Revenue of $270K, expenses of $241K, and assets of $136K (revenue +18.4% year-over-year).
- 2021: Revenue of $228K, expenses of $244K, and assets of $128K (revenue -12.6% year-over-year).
- 2020: Revenue of $260K, expenses of $210K, and assets of $144K (revenue +18.7% year-over-year).
- 2019: Revenue of $219K, expenses of $235K, and assets of $74K (revenue -18.7% year-over-year).
- 2018: Revenue of $270K, expenses of $245K, and assets of $85K (revenue +26.2% year-over-year).
- 2017: Revenue of $214K, expenses of $227K, and assets of $60K (revenue -8.5% year-over-year).
- 2016: Revenue of $234K, expenses of $204K, and assets of $39K (revenue +5.4% year-over-year).
- 2015: Revenue of $222K, expenses of $211K, and assets of $47K (revenue +11.8% year-over-year).
- 2014: Revenue of $198K, expenses of $260K, and assets of $34K (revenue -58.5% year-over-year).
- 2013: Revenue of $477K, expenses of $487K, and assets of $92K (revenue +106.4% year-over-year).
- 2012: Revenue of $231K, expenses of $264K, and assets of $105K (revenue +4.6% year-over-year).
- 2011: Revenue of $221K, expenses of $226K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nami Rhode Island:
Data Sources and Methodology
This transparency report for Nami 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.