Rhode Island Business Group On Health Inc
Rhode Island Business Group On Health Inc experiences significant financial growth and surplus in its latest fiscal year.
EIN: 204545288 · Providence, RI · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $319K |
| Total Expenses | $165K |
| Program Spending | 70% |
| Net Assets | $97K |
| Transparency Score | 75/100 |
Is Rhode Island Business Group On Health Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rhode Island Business Group On Health Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rhode Island Business Group On Health Inc
Rhode Island Business Group On Health Inc (EIN: 204545288) is a nonprofit organization based in Providence, RI, classified under NTEE code S41. The organization reported total revenue of $319K and total assets of $142K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Business Group On Health Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Business Group On Health Inc is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 19.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $307K |
| Total Expenses | $165K |
| Surplus / Deficit | +$142K |
| Total Assets | $155K |
| Total Liabilities | $58K |
| Net Assets | $97K |
| Operating Margin | 46.2% |
| Debt-to-Asset Ratio | 37.6% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2023, Rhode Island Business Group On Health Inc reported a surplus of $142K with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 37.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Rhode Island Business Group On Health Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +122.9% | +18.9% | +746.8% |
| 2022 | +19.0% | +12.0% | -32.5% |
| 2021 | +31.3% | -1.5% | -21.6% |
| 2020 | -50.0% | -32.4% | -27.7% |
| 2019 | +5.4% | -6.7% | -28.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Rhode Island Business Group On Health Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Rhode Island Business Group On Health Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $142K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for minimizing overhead.
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 Rhode Island Business Group On Health Inc's IRS 990 filings:
- Inconsistent financial performance in prior years, with expenses often exceeding revenue (e.g., 202212, 202112, 202012, 201912, 201812, 201712).
Strengths
The following positive indicators were identified for Rhode Island Business Group On Health Inc:
- Significant financial turnaround and surplus in the latest fiscal year (202312), with revenue of $307,151 exceeding expenses of $165,119.
- Consistent reporting of 0% officer compensation across all available filings, indicating a commitment to minimizing executive overhead.
- Substantial growth in assets from $18,350 in 202212 to $155,382 in 202312.
- Positive net assets in the latest period ($155,382 assets vs. $58,406 liabilities).
Frequently Asked Questions about Rhode Island Business Group On Health Inc
Is Rhode Island Business Group On Health Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Business Group On Health Inc (EIN: 204545288) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Rhode Island Business Group On Health Inc spend its money?
Rhode Island Business Group On Health Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rhode Island Business Group On Health Inc tax-deductible?
Rhode Island Business Group On Health Inc is registered as a tax-exempt nonprofit (EIN: 204545288). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rhode Island Business Group On Health Inc's spending goes to programs?
Rhode Island Business Group On Health Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Rhode Island Business Group On Health Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Rhode Island Business Group On Health Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rhode Island Business Group On Health Inc located?
Rhode Island Business Group On Health Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 204545288. It is classified under NTEE code S41.
How many years of IRS 990 filings does Rhode Island Business Group On Health Inc have?
Rhode Island Business Group On Health Inc 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 $319K in total revenue.
Is Rhode Island Business Group On Health Inc a good charity?
Based on the available data, the organization shows strong financial health in its latest filing (202312) with a significant surplus and 0% officer compensation, suggesting efficient use of funds in that area. However, a detailed breakdown of program spending versus administrative and fundraising costs would provide a more complete picture of its overall effectiveness as a 'charity' in the traditional sense, given its NTEE code for Business & Industry.
What caused the recent surge in revenue and assets?
The provided data does not specify the exact causes for the revenue surge from $137,822 in 202212 to $307,151 in 202312, or the asset increase from $18,350 to $155,382. This would require reviewing the full IRS 990 form for details on contributions, program service revenue, and investment income.
How does the organization manage its liabilities?
The organization's liabilities have fluctuated, reaching a high of $71,121 in 202112 and decreasing to $58,406 in 202312. While the recent decrease is positive, the level of liabilities relative to assets (e.g., $58,406 liabilities vs. $155,382 assets in 202312) suggests a manageable debt load, but consistent monitoring is warranted.
Filing History
IRS 990 filing history for Rhode Island Business Group On Health Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Rhode Island Business Group On Health Inc's revenue has grown by 953.9%, moving from $29K to $307K. Total assets increased by 236.7% over the same period, from $46K to $155K. Total functional expenses rose by 498%, from $28K to $165K. In its most recent filing year (2023), Rhode Island Business Group On Health Inc reported a surplus of $142K, with revenue exceeding expenses. The organization holds $58K in liabilities against $155K in assets (debt-to-asset ratio: 37.6%), resulting in net assets of $97K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $307K | $165K | $155K | $58K | — | — |
| 2022 | $138K | $139K | $18K | $63K | — | View 990 |
| 2021 | $116K | $124K | $27K | $71K | — | View 990 |
| 2020 | $88K | $126K | $35K | $70K | — | View 990 |
| 2019 | $176K | $186K | $48K | $46K | — | View 990 |
| 2018 | $167K | $200K | $67K | $55K | — | View 990 |
| 2017 | $144K | $170K | $93K | $49K | — | — |
| 2016 | $146K | $124K | $105K | $33K | — | View 990 |
| 2015 | $144K | $130K | $98K | $48K | — | View 990 |
| 2014 | $123K | $107K | $93K | $57K | — | View 990 |
| 2013 | $88K | $76K | $56K | $35K | — | View 990 |
| 2012 | $35K | $80K | $55K | $46K | — | View 990 |
| 2011 | $31K | $20K | $75K | $20K | — | View 990 |
| 2010 | $29K | $28K | $46K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $307K, expenses of $165K, and assets of $155K (revenue +122.9% year-over-year).
- 2022: Revenue of $138K, expenses of $139K, and assets of $18K (revenue +19.0% year-over-year).
- 2021: Revenue of $116K, expenses of $124K, and assets of $27K (revenue +31.3% year-over-year).
- 2020: Revenue of $88K, expenses of $126K, and assets of $35K (revenue -50.0% year-over-year).
- 2019: Revenue of $176K, expenses of $186K, and assets of $48K (revenue +5.4% year-over-year).
- 2018: Revenue of $167K, expenses of $200K, and assets of $67K (revenue +15.9% year-over-year).
- 2017: Revenue of $144K, expenses of $170K, and assets of $93K (revenue -1.0% year-over-year).
- 2016: Revenue of $146K, expenses of $124K, and assets of $105K (revenue +1.4% year-over-year).
- 2015: Revenue of $144K, expenses of $130K, and assets of $98K (revenue +17.4% year-over-year).
- 2014: Revenue of $123K, expenses of $107K, and assets of $93K (revenue +39.7% year-over-year).
- 2013: Revenue of $88K, expenses of $76K, and assets of $56K (revenue +152.3% year-over-year).
- 2012: Revenue of $35K, expenses of $80K, and assets of $55K (revenue +11.9% year-over-year).
- 2011: Revenue of $31K, expenses of $20K, and assets of $75K (revenue +6.6% year-over-year).
- 2010: Revenue of $29K, expenses of $28K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Business Group On Health Inc:
Data Sources and Methodology
This transparency report for Rhode Island Business Group On Health Inc 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.