Rhode Island Manufacturing Institute
Rhode Island Manufacturing Institute shows strong revenue growth and zero officer compensation over nine years.
EIN: 200167052 · Cranston, RI · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $714K |
| Total Expenses | $904K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $369K |
| Transparency Score | 92/100 |
Is Rhode Island Manufacturing Institute Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rhode Island Manufacturing Institute directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rhode Island Manufacturing Institute
Rhode Island Manufacturing Institute (EIN: 200167052) is a nonprofit organization based in Cranston, RI, classified under NTEE code B60. The organization reported total revenue of $714K and total assets of $600K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Manufacturing Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Manufacturing Institute is a small nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 34.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $904K |
| Surplus / Deficit | +$109K |
| Total Assets | $690K |
| Total Liabilities | $320K |
| Net Assets | $369K |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 46.4% |
| Months of Reserves | 9.2 months |
Financial Health Grade: A
In 2023, Rhode Island Manufacturing Institute reported a surplus of $109K with revenue exceeding expenses, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 46.4% (moderate leverage).
Financial Trends
Over 9 years of filings (2014–2023), Rhode Island Manufacturing Institute's revenue has grown at a compound annual growth rate (CAGR) of 34.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.3% | +2.9% | +66.5% |
| 2022 | +29.9% | +14.5% | +62.9% |
| 2021 | +46.7% | +16.4% | +33.6% |
| 2020 | -17.3% | -5.8% | -8.6% |
| 2019 | +22.3% | +6.5% | +217.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Manufacturing Institute with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Rhode Island Manufacturing Institute allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $109K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.4%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, which is highly commendable for an organization of its size, with revenues exceeding $1 million in recent years. This indicates a strong commitment to directing resources towards its mission.
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.
Strengths
The following positive indicators were identified for Rhode Island Manufacturing Institute:
- Consistent revenue growth, reaching over $1 million in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Significant growth in assets from $61,454 in 2014 to $689,500 in 2023.
- Consistent filing of IRS 990s, demonstrating good transparency.
- Expenses generally well-managed relative to revenue, with positive net income in most recent years.
Frequently Asked Questions about Rhode Island Manufacturing Institute
Is Rhode Island Manufacturing Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Manufacturing Institute (EIN: 200167052) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Rhode Island Manufacturing Institute spend its money?
Rhode Island Manufacturing Institute directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rhode Island Manufacturing Institute tax-deductible?
Rhode Island Manufacturing Institute is registered as a tax-exempt nonprofit (EIN: 200167052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rhode Island Manufacturing Institute CEO make?
Rhode Island Manufacturing Institute's highest-compensated officer earns $1 annually. The organization reported $714K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rhode Island Manufacturing Institute's spending goes to programs?
Rhode Island Manufacturing Institute directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rhode Island Manufacturing Institute compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Rhode Island Manufacturing Institute is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rhode Island Manufacturing Institute located?
Rhode Island Manufacturing Institute is headquartered in Cranston, Rhode Island and files with the IRS under EIN 200167052. It is classified under NTEE code B60.
How many years of IRS 990 filings does Rhode Island Manufacturing Institute have?
Rhode Island Manufacturing Institute has 9 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 $714K in total revenue.
Is the Rhode Island Manufacturing Institute financially stable?
Yes, the organization appears financially stable. Its revenue has consistently grown, reaching over $1 million in 2023, and its assets have significantly increased from $61,454 in 2014 to $689,500 in 2023, indicating a healthy financial position.
How does the organization manage executive compensation?
The Rhode Island Manufacturing Institute reports 0% officer compensation in all available IRS 990 filings, which is an exceptional practice demonstrating a strong commitment to its mission and efficient use of funds.
Has the organization's financial health improved over time?
Yes, the organization's financial health has significantly improved. Revenue has grown from $72,454 in 2014 to $1,013,281 in 2023, and assets have increased from $61,454 to $689,500 over the same period, indicating substantial growth and stability.
Filing History
IRS 990 filing history for Rhode Island Manufacturing Institute showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2023), Rhode Island Manufacturing Institute's revenue has grown by 1298.5%, moving from $72K to $1.0M. Total assets increased by 1022% over the same period, from $61K to $690K. Total functional expenses rose by 963.5%, from $85K to $904K. In its most recent filing year (2023), Rhode Island Manufacturing Institute reported a surplus of $109K, with revenue exceeding expenses. The organization holds $320K in liabilities against $690K in assets (debt-to-asset ratio: 46.4%), resulting in net assets of $369K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $904K | $690K | $320K | — | View 990 |
| 2022 | $1.1M | $879K | $414K | $154K | — | View 990 |
| 2021 | $841K | $768K | $254K | $208K | — | View 990 |
| 2020 | $573K | $660K | $190K | $217K | — | View 990 |
| 2019 | $694K | $700K | $208K | $145K | — | View 990 |
| 2018 | $567K | $658K | $65K | $136K | — | View 990 |
| 2017 | $106K | $75K | $21K | $0 | — | View 990 |
| 2015 | $101K | $105K | $85K | $102K | — | View 990 |
| 2014 | $72K | $85K | $61K | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $904K, and assets of $690K (revenue -7.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $879K, and assets of $414K (revenue +29.9% year-over-year).
- 2021: Revenue of $841K, expenses of $768K, and assets of $254K (revenue +46.7% year-over-year).
- 2020: Revenue of $573K, expenses of $660K, and assets of $190K (revenue -17.3% year-over-year).
- 2019: Revenue of $694K, expenses of $700K, and assets of $208K (revenue +22.3% year-over-year).
- 2018: Revenue of $567K, expenses of $658K, and assets of $65K (revenue +433.1% year-over-year).
- 2017: Revenue of $106K, expenses of $75K, and assets of $21K (revenue +4.9% year-over-year).
- 2015: Revenue of $101K, expenses of $105K, and assets of $85K (revenue +40.0% year-over-year).
- 2014: Revenue of $72K, expenses of $85K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Manufacturing Institute:
Data Sources and Methodology
This transparency report for Rhode Island Manufacturing Institute 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.