Financials
a total transparency approach
Accountability
All of us at United Way of Rhode Island take pride in achieving the highest level of financial responsibility.
That means following a total transparency approach when it comes to showing our donors and the people in our community how we invest the dollars they entrust to us.
As a result, we earned a 2022 Platinum Seal of Transparency from Candid (formerly Goldstar) and have achieved a score of 100/100 for transparency from Charity Navigator.
Maximizing your contribution
We take the business of investing and managing your gift very seriously. The Better Business Bureau recommends that nonprofits spend no more than 35% on fundraising expenses; our fundraising and administrative costs as a percent of total spending has been approximately 19% in recent years. Moreover, this overhead is offset by a charitable trust created by Textron founder Royal Little in 1937 for our benefit. This means your donations directly fund programs that serve people in need. For more specific financial details, see the documents below.
Results, filings, and financial statements
FISCAL YEAR 2021
(ended June 30)
FISCAL YEAR 2020
(ended June 30)
FISCAL YEAR 2019
(ended June 30)
Rethinking how one of R.I.’s largest nonprofits can grow
The Boston Globe
In October, [Idrees "Lanre"] Ajakaiye was appointed the new chief development officer at... United Way of Rhode Island where he'll be in charge of helping... United Way achieve its current strategic plan, which outlines the nonprofit's investment of $100 million over five years to help achieve racial equity.
City Council gives final approval to $10M reparations budget
Providence Business News
A two-yearslong effort to bring racial reparations to Providence achieved a milestone Wednesday... The approved funding largely mirrors recommendations set forth by a city panel based on community input, but with one major change that shifts some money into a COVID-19 Equity Fund to be managed by United Way of Rhode Island.
How you can save money amidst Rhode Island Energy rate hike
ABC6
With rates rising starting Oct. 1, Rhode Islanders have many ways to save money and energy this fall... [For] anyone... need[ing]... financial assistance... United Way of Rhode Island’s 211 service may help... 'We’re here to help the community navigate resources,' said Courtney Smith, director of... 211... The service is available online at 211 United Way of Rhode Island or over the phone.
New Survey of R.I. Nonprofits Highlights Dire Need
As Rhode Islanders… prepare to participate in Giving Tuesday, the results of a new survey paint a stark picture of the challenges facing the state’s nonprofit sector. Local community-based organizations continue to provide services for communities still facing pandemic-level needs, while facing inflation-driven costs and inadequate staffing caused by the physical and emotional toll of the last two years.
United Way of Rhode Island Appoints Four to Its Board of Directors
Four community leaders have been appointed to the United Way of Rhode Island Board of Directors… Elected for three-year terms are David Bonenberger, president, Rhode Island Energy/PPL Corporation; Anthony Botelho, senior vice president, team leader, Washington Trust; Courtney Hawkins, health and human services industry executive, Salesforce; and Yahaira “Jay” Placencia, senior vice president, private client advisor, Bank of America.
I. Lanre Ajakaiye Joins United Way of R.I. as Chief Development Officer
Following a broad, competitive search for its chief development officer, United Way of Rhode Island has hired a community leader known to be an innovative changemaker. The organization has chosen Idrees “Lanre” Ajakaiye, who brings a deep, diverse range of experience to United Way’s work to transform the future by building racial equity and creating opportunities for all Rhode Islanders.
UPCOMING EVENTS
401Gives Open House
Join us for a 401Gives Open House on Thursday, Dec. 8 from 4:30 to 6:30 p.m. at Rhode Island College. Learn about Rhode Island's statewide day of giving and how your fabulous nonprofit can be a part of it.
Information sessions will be held at 4:45 p.m. and 5:45 p.m. Light refreshments will be provided.
This event is free and open to the public.
The State of the RI Nonprofit Sector
Join United Way of Rhode Island and Grantmakers Council of Rhode Island for a virtual conversation about The State of the RI Nonprofit Sector on Friday, Dec. 16 from 10 to 11:30 a.m.
Together, we'll explore the challenges facing Rhode Island nonprofits. We'll also discuss opportunities to build capacity and support nonprofit work in 2023.
This event is free and open to the public.