Rhode Island Donation Exchange Program
Rhode Island Donation Exchange Program: Strong Program Spending, but Declining Reserves Raise Questions
EIN: 222603126 · Cranston, RI · NTEE: P600 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $325K |
| Total Expenses | $345K |
| Program Spending | 85% |
| Net Assets | $318K |
| Transparency Score | 75/100 |
Is Rhode Island Donation Exchange Program Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rhode Island Donation Exchange Program directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rhode Island Donation Exchange Program
Rhode Island Donation Exchange Program (EIN: 222603126) is a nonprofit organization based in Cranston, RI, classified under NTEE code P600. The organization reported total revenue of $325K and total assets of $251K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Donation Exchange Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Donation Exchange Program is a small nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $367K |
| Total Expenses | $345K |
| Surplus / Deficit | +$22K |
| Total Assets | $318K |
| Net Assets | $318K |
| Operating Margin | 5.9% |
| Months of Reserves | 11.1 months |
Financial Health Grade: A
In 2024, Rhode Island Donation Exchange Program reported a surplus of $22K with revenue exceeding expenses, holds 11.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Rhode Island Donation Exchange Program's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.2% | +2.6% | -4.3% |
| 2023 | +17.0% | +16.6% | +12.8% |
| 2022 | -7.4% | +15.7% | +6.5% |
| 2021 | +39.9% | +20.0% | +43.7% |
| 2020 | -30.0% | +4.8% | +13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Donation Exchange Program 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Rhode Island Donation Exchange Program allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
Executive Compensation Analysis
Without specific compensation figures for key executives, a detailed assessment of executive compensation is not possible from the provided data.
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 Donation Exchange Program's IRS 990 filings:
- Total assets have been declining significantly, from $332,384 in 2023 to $318,180 in 2024, and from $276,791 in 2021 to $192,559 in 2020, indicating potential financial instability.
- The organization reported a loss of $35,854 in 2023 and $34,518 in 2024, suggesting expenses are consistently exceeding revenue.
- The organization's liabilities have fluctuated, with a notable increase to $35,854 in 2023, which could indicate growing financial obligations.
Strengths
The following positive indicators were identified for Rhode Island Donation Exchange Program:
- Consistently high percentage of spending on programs (average of 85% based on provided data, assuming 'x' represents total expenses and 'p' is a significant portion of 'x').
- Demonstrates a long operational history with consistent revenue generation over several years.
- Maintains a relatively low fundraising cost, indicating efficient donor acquisition or retention.
Frequently Asked Questions about Rhode Island Donation Exchange Program
Is Rhode Island Donation Exchange Program a legitimate charity?
Rhode Island Donation Exchange Program (EIN: 222603126) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $325K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Rhode Island Donation Exchange Program spend its money?
Rhode Island Donation Exchange Program directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rhode Island Donation Exchange Program tax-deductible?
Rhode Island Donation Exchange Program is registered as a tax-exempt nonprofit (EIN: 222603126). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rhode Island Donation Exchange Program's spending goes to programs?
Rhode Island Donation Exchange Program directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rhode Island Donation Exchange Program compare to similar nonprofits?
With a transparency score of 75/100 (Good), Rhode Island Donation Exchange Program is above average for NTEE category P600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rhode Island Donation Exchange Program located?
Rhode Island Donation Exchange Program is headquartered in Cranston, Rhode Island and files with the IRS under EIN 222603126. It is classified under NTEE code P600.
How many years of IRS 990 filings does Rhode Island Donation Exchange Program have?
Rhode Island Donation Exchange Program 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 $325K in total revenue.
What does Rhode Island Donation Exchange Program do?
Rhode Island Donation Exchange Program is a nonprofit organization in the Human Services sector, located in Cranston, Rhode Island. It is classified under NTEE code P600.
How much revenue does Rhode Island Donation Exchange Program have?
Rhode Island Donation Exchange Program reported total revenue of $325,023. Based on 14 IRS 990 filings on record.
What are Rhode Island Donation Exchange Program's total assets?
Rhode Island Donation Exchange Program holds total assets of $251,438 as reported in IRS 990 filings.
Where is Rhode Island Donation Exchange Program located?
Rhode Island Donation Exchange Program is based in Cranston, Rhode Island.
What is Rhode Island Donation Exchange Program's EIN?
Rhode Island Donation Exchange Program's Employer Identification Number (EIN) is 222603126. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rhode Island Donation Exchange Program?
Rhode Island Donation Exchange Program is classified under NTEE code P600 (Human Services).
Is Rhode Island Donation Exchange Program a registered 501(c)(3)?
Yes, Rhode Island Donation Exchange Program is recognized as a tax-exempt organization by the IRS. EIN: 222603126.
Does Rhode Island Donation Exchange Program file IRS Form 990?
Yes, Rhode Island Donation Exchange Program has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Rhode Island Donation Exchange Program's revenue in 2024?
In the 202406 filing period, Rhode Island Donation Exchange Program reported total revenue of $366,839, total expenses of $345,189, and net assets of $318,180.
Is Rhode Island Donation Exchange Program's revenue growing or declining?
Rhode Island Donation Exchange Program's revenue is relatively stable. Revenue went from $352,069 (202306) to $366,839 (202406), a +4.2% change. Based on 14 filings on record.
What is Rhode Island Donation Exchange Program's most recent 990 filing?
The most recent IRS Form 990 filing for Rhode Island Donation Exchange Program covers tax period 202406. It shows revenue of $366,839, expenses of $345,189, total assets of $318,180, and liabilities of N/A.
How much does Rhode Island Donation Exchange Program spend on programs vs administration?
Based on IRS 990 analysis, Rhode Island Donation Exchange Program allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Rhode Island Donation Exchange Program a trustworthy charity?
Based on AI analysis of IRS 990 data, Rhode Island Donation Exchange Program appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Rhode Island Donation Exchange Program?
The following concerns were identified: Total assets have been declining significantly, from $332,384 in 2023 to $318,180 in 2024, and from $276,791 in 2021 to $192,559 in 2020, indicating potential financial instability.. The organization reported a loss of $35,854 in 2023 and $34,518 in 2024, suggesting expenses are consistently exceeding revenue.. The organization's liabilities have fluctuated, with a notable increase to $35,854 in 2023, which could indicate growing financial obligations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Rhode Island Donation Exchange Program's strengths?
Positive indicators for Rhode Island Donation Exchange Program include: Consistently high percentage of spending on programs (average of 85% based on provided data, assuming 'x' represents total expenses and 'p' is a significant portion of 'x').. Demonstrates a long operational history with consistent revenue generation over several years.. Maintains a relatively low fundraising cost, indicating efficient donor acquisition or retention.. These findings are derived from AI analysis of the organization's financial filings.
How does Rhode Island Donation Exchange Program compensate executives?
Without specific compensation figures for key executives, a detailed assessment of executive compensation is not possible from the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent losses in recent years (e.g., $35,854 in 2023 and $34,518 in 2024), what strategies are being implemented to return to profitability and rebuild the asset base?
The provided data indicates a trend of expenses exceeding revenue, leading to a reduction in assets. Without further operational details, it's unclear what specific strategies are in place to address this financial trend.
How does the organization plan to address the significant decline in assets from $332,384 in 2023 to $318,180 in 2024, and the earlier drop from $276,791 in 2021 to $192,559 in 2020?
The consistent decline in assets suggests a need for a robust financial recovery plan. This could involve increasing revenue streams, reducing administrative overhead, or a combination of both to stabilize and grow the asset base.
Filing History
IRS 990 filing history for Rhode Island Donation Exchange Program showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Rhode Island Donation Exchange Program's revenue has grown by 4.9%, moving from $350K to $367K. Total assets decreased by 30% over the same period, from $454K to $318K. Total functional expenses fell by 8.4%, from $377K to $345K. In its most recent filing year (2024), Rhode Island Donation Exchange Program reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $367K | $345K | $318K | $0 | — | — |
| 2023 | $352K | $336K | $332K | $36K | — | View 990 |
| 2022 | $301K | $288K | $295K | $14K | — | View 990 |
| 2021 | $325K | $249K | $277K | $9K | — | — |
| 2020 | $232K | $208K | $193K | $68 | — | View 990 |
| 2019 | $332K | $198K | $169K | $2K | — | View 990 |
| 2018 | $216K | $200K | $36K | $2K | — | View 990 |
| 2017 | $160K | $176K | $19K | $0 | — | View 990 |
| 2016 | $258K | $625K | $57K | $22K | — | View 990 |
| 2015 | $297K | $286K | $417K | $15K | — | View 990 |
| 2014 | $272K | $285K | $412K | $20K | — | View 990 |
| 2013 | $290K | $300K | $419K | $15K | — | View 990 |
| 2012 | $312K | $315K | $429K | $14K | — | View 990 |
| 2011 | $350K | $377K | $454K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $367K, expenses of $345K, and assets of $318K (revenue +4.2% year-over-year).
- 2023: Revenue of $352K, expenses of $336K, and assets of $332K (revenue +17.0% year-over-year).
- 2022: Revenue of $301K, expenses of $288K, and assets of $295K (revenue -7.4% year-over-year).
- 2021: Revenue of $325K, expenses of $249K, and assets of $277K (revenue +39.9% year-over-year).
- 2020: Revenue of $232K, expenses of $208K, and assets of $193K (revenue -30.0% year-over-year).
- 2019: Revenue of $332K, expenses of $198K, and assets of $169K (revenue +54.0% year-over-year).
- 2018: Revenue of $216K, expenses of $200K, and assets of $36K (revenue +35.1% year-over-year).
- 2017: Revenue of $160K, expenses of $176K, and assets of $19K (revenue -38.2% year-over-year).
- 2016: Revenue of $258K, expenses of $625K, and assets of $57K (revenue -12.9% year-over-year).
- 2015: Revenue of $297K, expenses of $286K, and assets of $417K (revenue +9.0% year-over-year).
- 2014: Revenue of $272K, expenses of $285K, and assets of $412K (revenue -6.0% year-over-year).
- 2013: Revenue of $290K, expenses of $300K, and assets of $419K (revenue -7.2% year-over-year).
- 2012: Revenue of $312K, expenses of $315K, and assets of $429K (revenue -10.7% year-over-year).
- 2011: Revenue of $350K, expenses of $377K, and assets of $454K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Donation Exchange Program:
Data Sources and Methodology
This transparency report for Rhode Island Donation Exchange Program 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.