Rican Rhode Island Center Assisting Those In Need
RRICATIN consistently operates with a surplus and zero officer compensation, growing assets to nearly $1.5 million.
EIN: 204070706 · Charlestown, RI · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1,606,267 |
| Net Assets | $1.4M |
| Transparency Score | 95/100 |
Is Rican Rhode Island Center Assisting Those In Need Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rican Rhode Island Center Assisting Those In Need directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rican Rhode Island Center Assisting Those In Need
Rican Rhode Island Center Assisting Those In Need (EIN: 204070706) is a nonprofit organization based in Charlestown, RI, classified under NTEE code P20. The organization reported total revenue of $1.5M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rican Rhode Island Center Assisting Those In Need's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rican Rhode Island Center Assisting Those In Need is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$53K |
| Total Assets | $1.5M |
| Total Liabilities | $55K |
| Net Assets | $1.4M |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 11.5 months |
Financial Health Grade: A
In 2023, Rican Rhode Island Center Assisting Those In Need reported a surplus of $53K with revenue exceeding expenses, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rican Rhode Island Center Assisting Those In Need's revenue has grown at a compound annual growth rate (CAGR) of 17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.4% | +0.4% | +6.0% |
| 2022 | +27.9% | +20.1% | +24.1% |
| 2021 | -32.9% | -21.2% | +14.4% |
| 2020 | +156.8% | +111.1% | +62.1% |
| 2019 | -8.2% | -10.9% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Rican Rhode Island Center Assisting Those In Need with a Mission Score of 95 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, Rican Rhode Island Center Assisting Those In Need 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 $53K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size (latest revenue $1,606,267) and suggests either a volunteer-led executive team or compensation being covered by other means not reported on the 990.
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 Rican Rhode Island Center Assisting Those In Need's IRS 990 filings:
- Unusually low (0%) officer compensation for an organization of this size, which might indicate compensation is sourced externally or not fully disclosed, though it could also signify a fully volunteer-led executive team.
Strengths
The following positive indicators were identified for Rican Rhode Island Center Assisting Those In Need:
- Consistent financial surpluses, such as $52,568 in 2023, contributing to asset growth.
- Significant asset growth from $619,904 in 2015 to $1,489,129 in 2023, indicating strong financial management.
- Zero reported officer compensation across all filings, suggesting a high dedication of funds to programs.
- Low liabilities relative to assets, indicating a strong balance sheet and low financial risk.
- Consistent filing history (13 filings), demonstrating strong transparency and accountability.
Frequently Asked Questions about Rican Rhode Island Center Assisting Those In Need
Is Rican Rhode Island Center Assisting Those In Need a legitimate charity?
Based on AI analysis of IRS 990 filings, Rican Rhode Island Center Assisting Those In Need (EIN: 204070706) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Rican Rhode Island Center Assisting Those In Need spend its money?
Rican Rhode Island Center Assisting Those In Need directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rican Rhode Island Center Assisting Those In Need tax-deductible?
Rican Rhode Island Center Assisting Those In Need is registered as a tax-exempt nonprofit (EIN: 204070706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rican Rhode Island Center Assisting Those In Need CEO make?
Rican Rhode Island Center Assisting Those In Need's highest-compensated officer earns $1,606,267 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rican Rhode Island Center Assisting Those In Need's spending goes to programs?
Rican Rhode Island Center Assisting Those In Need directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rican Rhode Island Center Assisting Those In Need compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Rican Rhode Island Center Assisting Those In Need is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rican Rhode Island Center Assisting Those In Need located?
Rican Rhode Island Center Assisting Those In Need is headquartered in Charlestown, Rhode Island and files with the IRS under EIN 204070706. It is classified under NTEE code P20.
How many years of IRS 990 filings does Rican Rhode Island Center Assisting Those In Need have?
Rican Rhode Island Center Assisting Those In Need 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 $1.5M in total revenue.
Is Rican Rhode Island Center Assisting Those In Need a good charity?
Based on the financial data, RRICATIN appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has RRICATIN's financial health changed over time?
RRICATIN has shown consistent financial growth and stability. Assets have more than doubled from $619,904 in 2015 to $1,489,129 in 2023, and liabilities have remained low, demonstrating improving financial health.
What is the trend in RRICATIN's revenue and expenses?
Revenue has fluctuated but generally trended upwards, peaking at $2,109,867 in 2020. Expenses have largely followed revenue, with the organization consistently maintaining a surplus in most recent years, such as $52,568 in 2023 ($1,606,267 revenue vs. $1,553,699 expenses).
Filing History
IRS 990 filing history for Rican Rhode Island Center Assisting Those In Need showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rican Rhode Island Center Assisting Those In Need's revenue has grown by 557.8%, moving from $244K to $1.6M. Total assets increased by 164.7% over the same period, from $563K to $1.5M. Total functional expenses rose by 693.4%, from $196K to $1.6M. In its most recent filing year (2023), Rican Rhode Island Center Assisting Those In Need reported a surplus of $53K, with revenue exceeding expenses. The organization holds $55K in liabilities against $1.5M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $1.5M | $55K | — | — |
| 2022 | $1.8M | $1.5M | $1.4M | $22K | — | View 990 |
| 2021 | $1.4M | $1.3M | $1.1M | $14K | — | View 990 |
| 2020 | $2.1M | $1.6M | $990K | $2K | — | View 990 |
| 2019 | $822K | $775K | $611K | $98K | — | View 990 |
| 2018 | $895K | $869K | $577K | $111K | — | View 990 |
| 2017 | $862K | $783K | $657K | $217K | — | View 990 |
| 2016 | $745K | $750K | $603K | $242K | — | View 990 |
| 2015 | $734K | $796K | $620K | $254K | — | View 990 |
| 2014 | $958K | $1.0M | $695K | $267K | — | View 990 |
| 2013 | $338K | $190K | $789K | $282K | — | View 990 |
| 2012 | $296K | $195K | $655K | $296K | — | View 990 |
| 2011 | $244K | $196K | $563K | $305K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $1.5M (revenue -11.4% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.5M, and assets of $1.4M (revenue +27.9% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $1.1M (revenue -32.9% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.6M, and assets of $990K (revenue +156.8% year-over-year).
- 2019: Revenue of $822K, expenses of $775K, and assets of $611K (revenue -8.2% year-over-year).
- 2018: Revenue of $895K, expenses of $869K, and assets of $577K (revenue +3.8% year-over-year).
- 2017: Revenue of $862K, expenses of $783K, and assets of $657K (revenue +15.8% year-over-year).
- 2016: Revenue of $745K, expenses of $750K, and assets of $603K (revenue +1.4% year-over-year).
- 2015: Revenue of $734K, expenses of $796K, and assets of $620K (revenue -23.3% year-over-year).
- 2014: Revenue of $958K, expenses of $1.0M, and assets of $695K (revenue +183.3% year-over-year).
- 2013: Revenue of $338K, expenses of $190K, and assets of $789K (revenue +14.4% year-over-year).
- 2012: Revenue of $296K, expenses of $195K, and assets of $655K (revenue +21.0% year-over-year).
- 2011: Revenue of $244K, expenses of $196K, and assets of $563K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rican Rhode Island Center Assisting Those In Need:
Data Sources and Methodology
This transparency report for Rican Rhode Island Center Assisting Those In Need 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.