Arts, Culture & Humanities
(A20)
IRS Verified
DX Registered
990 on File
RHODE ISLAND BLACK STORY TELLERS
Financial strength (30%)
69/100
Reliability (20%)
55/100
Effectiveness (25%)
75/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Founded in 1998, RIBS is a small non-profit based out of Providence, Rhode Island dedicated to promoting the awareness, appreciation, and application of Black storytelling. They define Black storytelling as an oral art from African and African descended people from around the world. They share their craft through performances, workshops, cultural, educational, and historical experiences. RIBS does not just tell Black stories; they also aim to help others do the same. They do it not just because
Financial Overview — FY 2024
$264K
Total Revenue
$316K
Total Expenses
$239K
Net Assets
3
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
80.9%
Fundraising Efficiency
208.9%
Operating Reserve
9.05x
Liability-to-Asset
0.2%
Revenue Diversification
69.5%
Executive Compensation
$61K
Compared with Peers
FY 2024
Compared with 12,711 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.9% | 82.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.7% | 14.1% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
208.9% | 28.2% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.1 mo | 9.8 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.2% | 1.8% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
69.5% | 79.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-21.9% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
7.0% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-20.0% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $264K | $316K | $239K | 80.9% | 3 |
| 2023 | $337K | $296K | $180K | 80.0% | 2 |
| 2022 | $263K | $241K | $139K | 80.6% | 2 |
| 2021 | $295K | $125K | N/A | — | 1 |
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