Rhode Island Cares Foundation
EIN: 432107840 · Providence, RI
| Metric | Value |
|---|---|
| Total Expenses | $2K |
| Net Assets | $155K |
Is Rhode Island Cares Foundation 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 Cares Foundation
Rhode Island Cares Foundation (EIN: 432107840) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Cares Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Cares Foundation is a micro nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $2K |
| Surplus / Deficit | +$5K |
| Total Assets | $155K |
| Net Assets | $155K |
| Operating Margin | 73.7% |
| Months of Reserves | 1039.0 months |
Financial Health Grade: A
In 2016, Rhode Island Cares Foundation reported a surplus of $5K with revenue exceeding expenses, holds 1039.0 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2011–2016), Rhode Island Cares Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +98.0% | +0.9% | +8.1% |
| 2015 | -31.9% | +4.1% | -1.7% |
| 2014 | +67.8% | +11.2% | +7.5% |
| 2013 | -22.4% | +14.5% | +13.7% |
| 2012 | +12.9% | +13.2% | +11.9% |
AI Analysis Pending
AI enrichment for Rhode Island Cares Foundation 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 Cares Foundation 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Frequently Asked Questions about Rhode Island Cares Foundation
Is Rhode Island Cares Foundation a legitimate charity?
Rhode Island Cares Foundation (EIN: 432107840) is a registered tax-exempt nonprofit based in Rhode Island. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Rhode Island Cares Foundation spend its money?
Rhode Island Cares Foundation reported its financials in IRS 990 filings. 6 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 Cares Foundation tax-deductible?
Rhode Island Cares Foundation is registered as a tax-exempt nonprofit (EIN: 432107840). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rhode Island Cares Foundation located?
Rhode Island Cares Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 432107840.
How many years of IRS 990 filings does Rhode Island Cares Foundation have?
Rhode Island Cares Foundation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Rhode Island Cares Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Rhode Island Cares Foundation's revenue has grown by 98.4%, moving from $3K to $7K. Total assets increased by 45.5% over the same period, from $107K to $155K. Total functional expenses rose by 51.3%, from $1K to $2K. In its most recent filing year (2016), Rhode Island Cares Foundation reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $7K | $2K | $155K | $0 | — | View 990 |
| 2015 | $3K | $2K | $144K | $0 | — | View 990 |
| 2014 | $5K | $2K | $146K | $0 | — | View 990 |
| 2013 | $3K | $2K | $136K | $0 | — | View 990 |
| 2012 | $4K | $1K | $120K | $0 | — | View 990 |
| 2011 | $3K | $1K | $107K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $7K, expenses of $2K, and assets of $155K (revenue +98.0% year-over-year).
- 2015: Revenue of $3K, expenses of $2K, and assets of $144K (revenue -31.9% year-over-year).
- 2014: Revenue of $5K, expenses of $2K, and assets of $146K (revenue +67.8% year-over-year).
- 2013: Revenue of $3K, expenses of $2K, and assets of $136K (revenue -22.4% year-over-year).
- 2012: Revenue of $4K, expenses of $1K, and assets of $120K (revenue +12.9% year-over-year).
- 2011: Revenue of $3K, expenses of $1K, and assets of $107K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Cares Foundation:
Data Sources and Methodology
This transparency report for Rhode Island Cares 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.