Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1981.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Improves social welfare for Rhode Island residents.
Questions for Ocean State Charities Trust
Your first name shows with your question. Ocean State Charities Trust answers here, for everyone.
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As a charitable trust, ocean state charities trust promotes social welfare within the state of rhode island through grants to public charities that provide assistance to citizens within the state of rhode island, particularly those charities whose purposes is to promote or support housing, health, education and welfare.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $5K | $4K |
| InvestmentsLn 11–13 | $6.4M | $5.2M |
| Land, buildings, equipmentLn 10c | $908 | $1K |
| Total assetsLn 16 | $6.5M | $5.2M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $6.5M | $5.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $333K | $333K | ||
| Pay of current officers, directors and key staffLn 5 | $72K | $57K | $14K | |
| Other salaries and wagesLn 7 | $46K | $37K | $9K | |
| Payroll taxesLn 10 | $9K | $8K | $1K | |
| Accounting feesLn 11c | $12K | $7K | $5K | |
| Investment management feesLn 11f | $31K | $17K | $15K | |
| Office expensesLn 13 | $5K | $4K | $1K | |
| Information technologyLn 14 | $5K | $3K | $2K | |
| OccupancyLn 16 | $17K | $17K | ||
| Depreciation, depletion and amortizationLn 22 | $426 | $344 | $82 | |
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $1K | $1K | $106 | |
| Total functional expensesLn 25 | $534K | $484K | $50K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $331K | $512K | −$182K | $5.3M | 990 PDF |
| FY2024 | $394K | $581K | −$187K | $5.3M | 990 PDF |
| FY2023 | $540K | $618K | −$78K | $5.2M | 990 PDF |
| FY2022 Viewing | $496K | $534K | −$38K | $5.2M | 990 PDF |
| FY2021 | $623K | $546K | $77K | $6.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $495,993 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $495,993 across 6 lines filed
Part IX · Statement of functional expenses $533,825 across 12 lines filed
Part X · Balance sheet $5,244,206 assets, 11 lines filed
Part XI · Reconciliation of net assets $5,244,206 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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