The Rhode Island Community Foundation
One Union Station, Providence, RI · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $147,291,921 | $95,208,024 | $1,344,976,236 |
| FY2023 | $87,701,485 | $102,860,359 | $1,248,752,309 |
| FY2022 | $94,559,880 | $94,070,249 | $1,151,042,068 |
| FY2021 | $194,702,159 | $86,255,256 | $1,341,755,875 |
| FY2020 | $101,831,307 | $87,764,346 | $1,110,163,051 |
| FY2019 | $90,361,227 | $67,128,612 | $1,000,906,595 |
| FY2018 | $109,571,952 | $67,743,095 | $853,937,275 |
| FY2017 | $79,152,876 | $51,843,828 | $900,129,717 |
| FY2016 | $45,579,070 | $53,134,329 | $779,947,282 |
| FY2015 | $68,387,329 | $50,735,515 | $733,192,606 |
| FY2014 | $54,294,328 | $44,171,226 | $750,332,553 |
| FY2013 | $87,993,772 | $40,529,531 | $732,129,964 |
| FY2012 | $53,346,690 | $36,600,284 | $620,209,248 |
| FY2011 | $99,550,387 | $34,813,540 | $548,449,531 |
Form 990 filings
The returns filed by The Rhode Island Community Foundation (EIN 22-2604963), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $56,058,033 | 38% |
| Program service revenue | $0 | 0% |
| Other revenue | $91,233,888 | 62% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $80,631,412 | 85% |
| Management & general | $12,090,718 | 13% |
| Fundraising | $2,485,894 | 3% |
What the numbers show
- Other revenue made up 62% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 13%, and fundraising 3%.
- 85% of functional expenses went to program services in FY2024. That is higher than 29.9% of 1000 Philanthropy, Voluntarism & Grantmaking Foundations organizations nationwide (too few in RI for a state comparison).
- Net assets covered about 169.5 months of expenses at the end of the reporting year. That puts it in the 66th percentile among 189 Philanthropy, Voluntarism & Grantmaking Foundations organizations in RI.
- Total revenue was the highest among 189 Philanthropy, Voluntarism & Grantmaking Foundations organizations in RI.
- Total revenue rose from $99,550,387 in FY2011 to $147,291,921 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2016, FY2023).
- The highest revenue on record here is $194,702,159 in FY2021.
- Net assets grew from $548,449,531 to $1,344,976,236 between FY2011 and FY2024.
- Contributions and grants made up 49% of revenue in FY2011 and 38% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE RHODE ISLAND FOUNDATION MOBILIZES GENEROSITY AND MOTIVATES CHANGE THAT MAKES A DIFFERENCE.
IRS status
| Ruling year | 1985 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T31 — Philanthropy, Voluntarism & Grantmaking Foundations |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Ralph R Papitto and Barbara A Papitto Private Family Foundation — Providence, RI · $17,508,014
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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