Rhode Island Center for Freedom and Prosperity
Nonprofit profile at a glance
- EIN
- 452805369
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Cranston, RI, USA
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Citizen Participation
Reported finances
- Revenue
- $150,323
- Expenses
- $230,178
- Assets
- $313,173
- Liabilities
- $125,280
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Mike Stenhouse (Executive Director)
People named in this filing
- Mike Stenhouse (Executive Director)
- Dr Stephen Skoly (Chairman)
- Dr Phil Cote (Vice Chairman)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A public policy "Think Tank" focused on Rhode Island issues
What it reported doing in 2024
Transparency - the Center continued to produce the "Ocean State Current" to inform citizens about legislation and other governmental initatives. Estimated views during 2024 were 250K.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 100
- Sustainability: 23
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 75.7%; rating input score 76
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -53.1%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 1.36; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.4; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 42%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -22.7% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -15% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 75.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $174K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.