Rhode Island Coalition For The Homeless
Rhode Island Coalition For The Homeless: Strong Program Spending, but Transparency Needs Improvement
EIN: 222894547 · Providence, RI · NTEE: L41Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $3.8M |
| Program Spending | 90% |
| Net Assets | $245K |
| Transparency Score | 85/100 |
Is Rhode Island Coalition For The Homeless Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rhode Island Coalition For The Homeless directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rhode Island Coalition For The Homeless
Rhode Island Coalition For The Homeless (EIN: 222894547) is a nonprofit organization based in Providence, RI, classified under NTEE code L41Z. The organization reported total revenue of $4.3M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Coalition For The Homeless's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Coalition For The Homeless is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$28K |
| Total Assets | $2.5M |
| Total Liabilities | $2.3M |
| Net Assets | $245K |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 90.4% |
| Months of Reserves | 7.9 months |
Financial Health Grade: A
In 2023, Rhode Island Coalition For The Homeless reported a surplus of $28K with revenue exceeding expenses, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 90.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rhode Island Coalition For The Homeless's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.0% | -48.3% | +254.3% |
| 2022 | +12.3% | +13.7% | -69.4% |
| 2021 | +371.5% | +361.1% | +534.9% |
| 2020 | +31.2% | +29.8% | +58.7% |
| 2019 | +28.2% | +39.8% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Coalition For The Homeless with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Rhode Island Coalition For The Homeless allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 90.4%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the available summary data, making a direct assessment difficult without further investigation into their Form 990 filings.
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 Coalition For The Homeless's IRS 990 filings:
- Lack of easily accessible detailed financial reports and program impact metrics on their public website.
- The provided data does not include specific executive compensation figures, which limits a full assessment of financial stewardship.
Strengths
The following positive indicators were identified for Rhode Island Coalition For The Homeless:
- Consistently high percentage of expenses allocated to programs (e.g., 90% in 2023 based on available data).
- Significant revenue growth over the past several years, indicating strong donor support.
- Positive net assets, suggesting financial stability.
Frequently Asked Questions about Rhode Island Coalition For The Homeless
Is Rhode Island Coalition For The Homeless a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Coalition For The Homeless (EIN: 222894547) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Rhode Island Coalition For The Homeless spend its money?
Rhode Island Coalition For The Homeless directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rhode Island Coalition For The Homeless tax-deductible?
Rhode Island Coalition For The Homeless is registered as a tax-exempt nonprofit (EIN: 222894547). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rhode Island Coalition For The Homeless's spending goes to programs?
Rhode Island Coalition For The Homeless directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rhode Island Coalition For The Homeless compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rhode Island Coalition For The Homeless is above average for NTEE category L41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rhode Island Coalition For The Homeless located?
Rhode Island Coalition For The Homeless is headquartered in Providence, Rhode Island and files with the IRS under EIN 222894547. It is classified under NTEE code L41Z.
How many years of IRS 990 filings does Rhode Island Coalition For The Homeless have?
Rhode Island Coalition For The Homeless 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 $4.3M in total revenue.
What does Rhode Island Coalition For The Homeless do?
Rhode Island Coalition For The Homeless is a nonprofit organization in the Housing & Shelter sector, located in Providence, Rhode Island. It is classified under NTEE code L41Z.
How much revenue does Rhode Island Coalition For The Homeless have?
Rhode Island Coalition For The Homeless reported total revenue of $4,331,009. Based on 13 IRS 990 filings on record.
What are Rhode Island Coalition For The Homeless's total assets?
Rhode Island Coalition For The Homeless holds total assets of $4,927,157 as reported in IRS 990 filings.
Where is Rhode Island Coalition For The Homeless located?
Rhode Island Coalition For The Homeless is based in Providence, Rhode Island.
What is Rhode Island Coalition For The Homeless's EIN?
Rhode Island Coalition For The Homeless's Employer Identification Number (EIN) is 222894547. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rhode Island Coalition For The Homeless?
Rhode Island Coalition For The Homeless is classified under NTEE code L41Z (Housing & Shelter).
Is Rhode Island Coalition For The Homeless a registered 501(c)(3)?
Yes, Rhode Island Coalition For The Homeless is recognized as a tax-exempt organization by the IRS. EIN: 222894547.
Does Rhode Island Coalition For The Homeless file IRS Form 990?
Yes, Rhode Island Coalition For The Homeless has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Rhode Island Coalition For The Homeless's revenue in 2023?
In the 202306 filing period, Rhode Island Coalition For The Homeless reported total revenue of $3,869,874, total expenses of $3,842,213, and net assets of $2,538,949.
Is Rhode Island Coalition For The Homeless's revenue growing or declining?
Rhode Island Coalition For The Homeless's revenue is declining. Revenue went from $7,442,643 (202206) to $3,869,874 (202306), a -48.0% change. Based on 13 filings on record.
What is Rhode Island Coalition For The Homeless's most recent 990 filing?
The most recent IRS Form 990 filing for Rhode Island Coalition For The Homeless covers tax period 202306. It shows revenue of $3,869,874, expenses of $3,842,213, total assets of $2,538,949, and liabilities of $2,294,329.
How much does Rhode Island Coalition For The Homeless spend on programs vs administration?
Based on IRS 990 analysis, Rhode Island Coalition For The Homeless allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Rhode Island Coalition For The Homeless a trustworthy charity?
Based on AI analysis of IRS 990 data, Rhode Island Coalition For The Homeless appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Rhode Island Coalition For The Homeless?
The following concerns were identified: Lack of easily accessible detailed financial reports and program impact metrics on their public website.. The provided data does not include specific executive compensation figures, which limits a full assessment of financial stewardship.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Rhode Island Coalition For The Homeless's strengths?
Positive indicators for Rhode Island Coalition For The Homeless include: Consistently high percentage of expenses allocated to programs (e.g., 90% in 2023 based on available data).. Significant revenue growth over the past several years, indicating strong donor support.. Positive net assets, suggesting financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Rhode Island Coalition For The Homeless compensate executives?
Executive compensation details are not explicitly provided in the available summary data, making a direct assessment difficult without further investigation into their Form 990 filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization ensure its program spending directly translates into measurable outcomes for the homeless population in Rhode Island?
While the data shows a high percentage of spending on programs, the specific metrics and reporting on the impact of these programs are not readily available in the provided summary, requiring a deeper dive into their annual reports or program evaluations.
What strategies does the Rhode Island Coalition For The Homeless employ to diversify its funding sources, given the significant fluctuations in revenue observed in recent years (e.g., $7.4M in 2022 vs. $3.8M in 2023)?
The provided data indicates substantial revenue fluctuations. Understanding their fundraising strategies, including grant applications, individual donor cultivation, and corporate partnerships, would be crucial to assess their long-term financial resilience and ability to sustain programs.
Filing History
IRS 990 filing history for Rhode Island Coalition For The Homeless showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rhode Island Coalition For The Homeless's revenue has grown by 250.4%, moving from $1.1M to $3.9M. Total assets increased by 628.5% over the same period, from $349K to $2.5M. Total functional expenses rose by 250.2%, from $1.1M to $3.8M. In its most recent filing year (2023), Rhode Island Coalition For The Homeless reported a surplus of $28K, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $2.5M in assets (debt-to-asset ratio: 90.4%), resulting in net assets of $245K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.8M | $2.5M | $2.3M | — | — |
| 2022 | $7.4M | $7.4M | $717K | $493K | — | View 990 |
| 2021 | $6.6M | $6.5M | $2.3M | $2.1M | — | View 990 |
| 2020 | $1.4M | $1.4M | $369K | $237K | — | View 990 |
| 2019 | $1.1M | $1.1M | $232K | $88K | — | View 990 |
| 2018 | $835K | $782K | $231K | $65K | — | View 990 |
| 2017 | $848K | $816K | $135K | $22K | — | View 990 |
| 2016 | $879K | $829K | $148K | $67K | — | View 990 |
| 2015 | $708K | $750K | $121K | $89K | — | View 990 |
| 2014 | $822K | $795K | $143K | $70K | — | View 990 |
| 2013 | $947K | $956K | $141K | $96K | — | View 990 |
| 2012 | $815K | $970K | $196K | $142K | — | View 990 |
| 2011 | $1.1M | $1.1M | $349K | $139K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.8M, and assets of $2.5M (revenue -48.0% year-over-year).
- 2022: Revenue of $7.4M, expenses of $7.4M, and assets of $717K (revenue +12.3% year-over-year).
- 2021: Revenue of $6.6M, expenses of $6.5M, and assets of $2.3M (revenue +371.5% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $369K (revenue +31.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $232K (revenue +28.2% year-over-year).
- 2018: Revenue of $835K, expenses of $782K, and assets of $231K (revenue -1.5% year-over-year).
- 2017: Revenue of $848K, expenses of $816K, and assets of $135K (revenue -3.5% year-over-year).
- 2016: Revenue of $879K, expenses of $829K, and assets of $148K (revenue +24.0% year-over-year).
- 2015: Revenue of $708K, expenses of $750K, and assets of $121K (revenue -13.9% year-over-year).
- 2014: Revenue of $822K, expenses of $795K, and assets of $143K (revenue -13.2% year-over-year).
- 2013: Revenue of $947K, expenses of $956K, and assets of $141K (revenue +16.2% year-over-year).
- 2012: Revenue of $815K, expenses of $970K, and assets of $196K (revenue -26.2% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $349K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Coalition For The Homeless:
Data Sources and Methodology
This transparency report for Rhode Island Coalition For The Homeless 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.