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 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $56,058,033 | 100% |
| Program service revenue | $0 | 0% |
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
- Contributions & grants made up 100% 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 188 Philanthropy, Voluntarism & Grantmaking Foundations organizations in RI.
- Total revenue was higher than 100.5% of 188 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.
- Donations are generally tax-deductible (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 | Donations are generally tax-deductible (public charity). |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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