Preserve Rhode Island
EIN: 56012417 · Providence, RI · NTEE: A800
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.1M |
| Net Assets | $10.5M |
Is Preserve Rhode Island Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Preserve Rhode Island
Preserve Rhode Island (EIN: 56012417) is a nonprofit organization based in Providence, RI, classified under NTEE code A800. The organization reported total revenue of $2.3M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preserve Rhode Island's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Preserve Rhode Island is a mid-size nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-110,892 |
| Total Assets | $10.9M |
| Total Liabilities | $413K |
| Net Assets | $10.5M |
| Operating Margin | -10.8% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 114.5 months |
Financial Health Grade: B
In 2023, Preserve Rhode Island reported a deficit of $111K with expenses exceeding revenue, holds 114.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Preserve Rhode Island's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.6% | -14.0% | -7.3% |
| 2022 | -40.6% | -28.5% | -12.7% |
| 2021 | -72.3% | -48.5% | +2.4% |
| 2019 | -122.7% | +2.4% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Preserve Rhode Island has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Preserve Rhode Island with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $111K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.8%.
Frequently Asked Questions about Preserve Rhode Island
Is Preserve Rhode Island a legitimate charity?
Based on AI analysis of IRS 990 filings, Preserve Rhode Island (EIN: 56012417) insufficient data. 0 red flags identified, 0 strengths noted.
How does Preserve Rhode Island spend its money?
Detailed spending breakdown data is not yet available for Preserve Rhode Island. Check back for updated IRS 990 analysis.
Are donations to Preserve Rhode Island tax-deductible?
Preserve Rhode Island is registered as a tax-exempt nonprofit (EIN: 56012417). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Preserve Rhode Island located?
Preserve Rhode Island is headquartered in Providence, Rhode Island and files with the IRS under EIN 56012417. It is classified under NTEE code A800.
How many years of IRS 990 filings does Preserve Rhode Island have?
Preserve 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 $2.3M in total revenue.
Filing History
IRS 990 filing history for Preserve Rhode Island showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Preserve Rhode Island's revenue has grown by 71%, moving from $602K to $1.0M. Total assets increased by 9.5% over the same period, from $9.9M to $10.9M. Total functional expenses rose by 109.3%, from $545K to $1.1M. In its most recent filing year (2023), Preserve Rhode Island reported a deficit of $111K, with expenses exceeding revenue. The organization holds $413K in liabilities against $10.9M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $10.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $10.9M | $413K | — | View 990 |
| 2022 | $737K | $1.3M | $11.7M | $387K | — | View 990 |
| 2021 | $1.2M | $1.9M | $13.4M | $400K | — | View 990 |
| 2020 | $4.5M | $3.6M | $13.1M | $475K | — | View 990 |
| 2019 | $-249,534 | $1.1M | $11.7M | $429K | — | View 990 |
| 2018 | $1.1M | $1.0M | $11.8M | $464K | — | View 990 |
| 2017 | $1.1M | $852K | $12.0M | $415K | — | — |
| 2016 | $572K | $954K | $10.9M | $438K | — | View 990 |
| 2015 | $665K | $896K | $10.7M | $343K | — | View 990 |
| 2014 | $615K | $699K | $11.0M | $326K | — | View 990 |
| 2013 | $910K | $624K | $11.0M | $384K | — | View 990 |
| 2012 | $940K | $791K | $10.2M | $337K | — | View 990 |
| 2011 | $602K | $545K | $9.9M | $327K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $10.9M (revenue +39.6% year-over-year).
- 2022: Revenue of $737K, expenses of $1.3M, and assets of $11.7M (revenue -40.6% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.9M, and assets of $13.4M (revenue -72.3% year-over-year).
- 2020: Revenue of $4.5M, expenses of $3.6M, and assets of $13.1M.
- 2019: Revenue of $-249,534, expenses of $1.1M, and assets of $11.7M (revenue -122.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $11.8M (revenue +0.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $852K, and assets of $12.0M (revenue +92.1% year-over-year).
- 2016: Revenue of $572K, expenses of $954K, and assets of $10.9M (revenue -14.0% year-over-year).
- 2015: Revenue of $665K, expenses of $896K, and assets of $10.7M (revenue +8.1% year-over-year).
- 2014: Revenue of $615K, expenses of $699K, and assets of $11.0M (revenue -32.4% year-over-year).
- 2013: Revenue of $910K, expenses of $624K, and assets of $11.0M (revenue -3.2% year-over-year).
- 2012: Revenue of $940K, expenses of $791K, and assets of $10.2M (revenue +56.2% year-over-year).
- 2011: Revenue of $602K, expenses of $545K, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Preserve Rhode Island:
Data Sources and Methodology
This transparency report for Preserve 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.