Rhode Island Charities Trust
EIN: 50458759 · Providence, RI
| Metric | Value |
|---|---|
| Total Revenue | $95K |
| Total Expenses | $103K |
| Net Assets | $15K |
Is Rhode Island Charities Trust 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 Charities Trust
Rhode Island Charities Trust (EIN: 50458759) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $95K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Charities Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Charities Trust is a micro nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $103K |
| Surplus / Deficit | +$338 |
| Total Assets | $15K |
| Net Assets | $15K |
| Operating Margin | 0.3% |
| Months of Reserves | 1.8 months |
Financial Health Grade: A
In 2023, Rhode Island Charities Trust reported a surplus of $338 with revenue exceeding expenses, holds 1.8 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2010–2023), Rhode Island Charities Trust's revenue has declined at a compound annual growth rate (CAGR) of -11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.2% | -41.1% | +2.3% |
| 2022 | -51.4% | -48.7% | -60.2% |
| 2021 | -15.8% | +5.4% | -42.6% |
| 2020 | -24.6% | -33.7% | +302.1% |
| 2019 | +32.8% | +29.7% | -88.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rhode Island Charities Trust 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 Charities Trust 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 $338, with revenue exceeding expenses.
Frequently Asked Questions about Rhode Island Charities Trust
Is Rhode Island Charities Trust a legitimate charity?
Rhode Island Charities Trust (EIN: 50458759) is a registered tax-exempt nonprofit based in Rhode Island. It has 14 years of IRS 990 filings on record. Total revenue: $95K. No red flags identified. Financial health grade: A.
How does Rhode Island Charities Trust spend its money?
Rhode Island Charities Trust reported $95K in total revenue in IRS 990 filings. 14 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 Charities Trust tax-deductible?
Rhode Island Charities Trust is registered as a tax-exempt nonprofit (EIN: 50458759). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rhode Island Charities Trust located?
Rhode Island Charities Trust is headquartered in Providence, Rhode Island and files with the IRS under EIN 50458759.
How many years of IRS 990 filings does Rhode Island Charities Trust have?
Rhode Island Charities Trust 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 $95K in total revenue.
Filing History
IRS 990 filing history for Rhode Island Charities Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Rhode Island Charities Trust's revenue has declined by 79.2%, moving from $498K to $103K. Total assets decreased by 4.3% over the same period, from $16K to $15K. Total functional expenses fell by 79.3%, from $499K to $103K. In its most recent filing year (2023), Rhode Island Charities Trust reported a surplus of $338, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $103K | $15K | $0 | — | — |
| 2022 | $153K | $175K | $15K | $0 | — | View 990 |
| 2021 | $314K | $341K | $37K | $0 | — | View 990 |
| 2020 | $373K | $324K | $65K | $0 | — | — |
| 2019 | $494K | $488K | $16K | $0 | — | View 990 |
| 2018 | $372K | $376K | $146K | $136K | — | View 990 |
| 2017 | $494K | $502K | $19K | $4K | — | View 990 |
| 2016 | $461K | $465K | $33K | $10K | — | View 990 |
| 2015 | $929K | $927K | $27K | $0 | — | View 990 |
| 2014 | $500K | $496K | $25K | $0 | — | View 990 |
| 2013 | $521K | $522K | $53K | $32K | — | View 990 |
| 2012 | $575K | $568K | $54K | $32K | — | View 990 |
| 2011 | $499K | $500K | $15K | $0 | — | View 990 |
| 2010 | $498K | $499K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $103K, and assets of $15K (revenue -32.2% year-over-year).
- 2022: Revenue of $153K, expenses of $175K, and assets of $15K (revenue -51.4% year-over-year).
- 2021: Revenue of $314K, expenses of $341K, and assets of $37K (revenue -15.8% year-over-year).
- 2020: Revenue of $373K, expenses of $324K, and assets of $65K (revenue -24.6% year-over-year).
- 2019: Revenue of $494K, expenses of $488K, and assets of $16K (revenue +32.8% year-over-year).
- 2018: Revenue of $372K, expenses of $376K, and assets of $146K (revenue -24.6% year-over-year).
- 2017: Revenue of $494K, expenses of $502K, and assets of $19K (revenue +7.2% year-over-year).
- 2016: Revenue of $461K, expenses of $465K, and assets of $33K (revenue -50.4% year-over-year).
- 2015: Revenue of $929K, expenses of $927K, and assets of $27K (revenue +85.9% year-over-year).
- 2014: Revenue of $500K, expenses of $496K, and assets of $25K (revenue -4.1% year-over-year).
- 2013: Revenue of $521K, expenses of $522K, and assets of $53K (revenue -9.3% year-over-year).
- 2012: Revenue of $575K, expenses of $568K, and assets of $54K (revenue +15.1% year-over-year).
- 2011: Revenue of $499K, expenses of $500K, and assets of $15K (revenue +0.2% year-over-year).
- 2010: Revenue of $498K, expenses of $499K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Charities Trust:
Data Sources and Methodology
This transparency report for Rhode Island Charities Trust 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.