Rhode Island Bankers Association
EIN: 56015433 · Providence, RI · NTEE: W60C
| Metric | Value |
|---|---|
| Total Revenue | $315K |
| Total Expenses | $286K |
| Net Assets | $285K |
Is Rhode Island Bankers Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rhode Island Bankers Association
Rhode Island Bankers Association (EIN: 56015433) is a nonprofit organization based in Providence, RI, classified under NTEE code W60C. The organization reported total revenue of $315K and total assets of $306K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Bankers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Bankers Association is a small nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $286K |
| Surplus / Deficit | +$20K |
| Total Assets | $290K |
| Total Liabilities | $4K |
| Net Assets | $285K |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 12.1 months |
Financial Health Grade: A
In 2023, Rhode Island Bankers Association reported a surplus of $20K with revenue exceeding expenses, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rhode Island Bankers Association's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +3.3% | +9.2% |
| 2022 | -6.9% | +13.5% | +1.3% |
| 2021 | +16.0% | +6.4% | +28.0% |
| 2020 | -19.1% | -17.9% | +17.5% |
| 2019 | +33.9% | +9.0% | +31.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rhode Island Bankers Association 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 Rhode Island Bankers Association 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 surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Rhode Island Bankers Association
Is Rhode Island Bankers Association a legitimate charity?
Rhode Island Bankers Association (EIN: 56015433) is a registered tax-exempt nonprofit based in Rhode Island. It has 13 years of IRS 990 filings on record. Total revenue: $315K. No red flags identified. Financial health grade: A.
How does Rhode Island Bankers Association spend its money?
Rhode Island Bankers Association reported $315K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rhode Island Bankers Association tax-deductible?
Rhode Island Bankers Association is registered as a tax-exempt nonprofit (EIN: 56015433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rhode Island Bankers Association located?
Rhode Island Bankers Association is headquartered in Providence, Rhode Island and files with the IRS under EIN 56015433. It is classified under NTEE code W60C.
How many years of IRS 990 filings does Rhode Island Bankers Association have?
Rhode Island Bankers Association 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 $315K in total revenue.
Filing History
IRS 990 filing history for Rhode Island Bankers Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rhode Island Bankers Association's revenue has grown by 41.7%, moving from $216K to $306K. Total assets increased by 41.5% over the same period, from $205K to $290K. Total functional expenses rose by 47%, from $195K to $286K. In its most recent filing year (2023), Rhode Island Bankers Association reported a surplus of $20K, with revenue exceeding expenses. The organization holds $4K in liabilities against $290K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $285K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $306K | $286K | $290K | $4K | — | — |
| 2022 | $281K | $277K | $265K | $0 | — | View 990 |
| 2021 | $301K | $244K | $262K | $0 | — | — |
| 2020 | $260K | $229K | $205K | $0 | — | — |
| 2019 | $321K | $280K | $174K | $0 | — | View 990 |
| 2018 | $240K | $257K | $133K | $0 | — | View 990 |
| 2017 | $265K | $261K | $149K | $0 | — | View 990 |
| 2016 | $353K | $387K | $145K | $0 | — | View 990 |
| 2015 | $208K | $212K | $179K | $0 | — | View 990 |
| 2014 | $205K | $201K | $183K | $0 | — | View 990 |
| 2013 | $193K | $205K | $179K | $0 | — | View 990 |
| 2012 | $208K | $196K | $190K | $0 | — | View 990 |
| 2011 | $216K | $195K | $205K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $306K, expenses of $286K, and assets of $290K (revenue +9.1% year-over-year).
- 2022: Revenue of $281K, expenses of $277K, and assets of $265K (revenue -6.9% year-over-year).
- 2021: Revenue of $301K, expenses of $244K, and assets of $262K (revenue +16.0% year-over-year).
- 2020: Revenue of $260K, expenses of $229K, and assets of $205K (revenue -19.1% year-over-year).
- 2019: Revenue of $321K, expenses of $280K, and assets of $174K (revenue +33.9% year-over-year).
- 2018: Revenue of $240K, expenses of $257K, and assets of $133K (revenue -9.6% year-over-year).
- 2017: Revenue of $265K, expenses of $261K, and assets of $149K (revenue -24.9% year-over-year).
- 2016: Revenue of $353K, expenses of $387K, and assets of $145K (revenue +69.5% year-over-year).
- 2015: Revenue of $208K, expenses of $212K, and assets of $179K (revenue +1.5% year-over-year).
- 2014: Revenue of $205K, expenses of $201K, and assets of $183K (revenue +6.1% year-over-year).
- 2013: Revenue of $193K, expenses of $205K, and assets of $179K (revenue -7.0% year-over-year).
- 2012: Revenue of $208K, expenses of $196K, and assets of $190K (revenue -3.7% year-over-year).
- 2011: Revenue of $216K, expenses of $195K, and assets of $205K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Bankers Association:
Data Sources and Methodology
This transparency report for Rhode Island Bankers Association 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.