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Rhode Island · Nonprofit

CODAC INC

CODAC INC (Rhode Island) receives grants from 8 organizations whose IRS filings report $1,814,877 to it, the largest being BROWN UNIVERSITY ($714,855). 4 of them have funded it in more than one year, and 68% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$24M
Funders on record
8
Grants received
$1.8M
Net assets
$8.9M
4/8 repeat funderspeak grant-dependency 5%
01What it does

What Codac Inc does

Mission

To provide the highest standard of behavioral health services in a recovery oriented system of care.

As stated on its FY2025 Form 990.

Programs

  1. The methadone maintenance program is a medicated assisted treatment center which provided services to approximately 4,500 patients throughout the year.

    $13,303,987 spent$18,754,256 earned by the program
    85% of program spending
  2. The substance abuse treatment is a general outpatient treatment program which provided services to approximately 2,100 patients throughout the year.

    $2,261,694 spent$256,111 earned by the program
    15% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $15,565,681.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($11M) Expenses 100 ($11M) Net assets 100 ($4.0M)2018 Revenue 122 ($14M) Expenses 125 ($13M) Net assets 106 ($4.2M)2019 Revenue 136 ($15M) Expenses 139 ($15M) Net assets 113 ($4.5M)2020 Revenue 154 ($17M) Expenses 164 ($17M) Net assets 103 ($4.1M)2021 Revenue 186 ($21M) Expenses 169 ($18M) Net assets 168 ($6.6M)2022 Revenue 166 ($18M) Expenses 167 ($18M) Net assets 184 ($7.3M)2023 Revenue 187 ($21M) Expenses 185 ($20M) Net assets 209 ($8.3M)2024 Revenue 192 ($21M) Expenses 208 ($22M) Net assets 188 ($7.5M)2025 Revenue 216 ($24M) Expenses 212 ($23M) Net assets 225 ($8.9M)
'17'18'19'20'21'22'23'24'25
Revenue (216)Expenses (212)Net assets (225)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $10.0M to $13M (+27%).

$4.8M
$5.3M
$6.1M
$7.0M
$7.9M
$10.0M
$13M
$14M
$14M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 12% · 2018 19% · 2019 22% · 2020 29% · 2021 30% · 2022 31% · 2023 37% · 2024 28% · 2025 21%. Grants only. Government contracts and fees sit inside program revenue.

21% of CODAC INC’s revenue is contributions — more donation-reliant than the typical peer (7% for the typical peer).

This organization
Typical peer · 4,743 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$447k
’17
$230k
’18
$298k
’19
−$410k
’20
$2.6M
’21
$631k
’22
$1.0M
’23
−$808k
’24
$1.5M
’25
1.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Linda Hurley

Chief executive officer

Board chair

Noah Benedict

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed161616202417181616
Joined·+1+2+4+6+1+3+3+5
No longer listed·12028255
03Who funds it

Who funds it, year by year

2019 → 2023: the base narrowed from 3 funders to 2 funders, grant income fell $252k → $167k.

3 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 68% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of CODAC INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CODAC INC leans on a few funders — its largest provides 39% of grant income and the top three 83%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

70% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CODAC INC.

39%
largest funder
83%
top three
~4
effective funders

Largest funder’s share by year: 2019 84% · 2020 40% · 2021 62% · 2022 68% · 2023 90% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

20% of CODAC INC's funders are still giving 3 years after their first grant; 50% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

68% of CODAC INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $588k that is directly attributable, 95% of it comes from funders outside Rhode Island, across 5 states.

NY
MA
PA
RI
DE

In-state vs out-of-state, by year

’19
’20
’21
’22
Rhode Island out of state home

Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CODAC INC runs a healthier operating margin than half of the 2,843 health nonprofits its size.

Operating margin6% · above the median
Months of reserve1.0mo · below the median
Revenue growth (annualized)10% · above the median

this organization peer median middle 50% of peers· 2,843 health nonprofits $10M–$100M, FY2025

Government funding CODAC INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.6M on record — $5.5M federal, $3k state.

Federal$5.5M
grants $5.5Mcontracts $0
21
22
23
24
25
Top agencies
  • Department of Health and Human Services$5.1M
  • Department of Justice$450k
State$3k
17
19
20
21
24
Top programs
  • (RR) BENEFIT PROGRAMS$3k
  • (JJ) OPERATIONAL SERVICES$85

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like CODAC INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Rhode Island

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

69% of spending goes to programs.

Program 69%Management 31%Fundraising 0%

Governance

10
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for CODAC INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CODAC INC?
CODAC INC (Rhode Island) receives grants from 8 organizations whose IRS filings report $1,814,877 to it, the largest being BROWN UNIVERSITY ($714,855). 4 of them have funded it in more than one year, and 68% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does CODAC INC have?
IRS filings report 8 organizations giving $1,814,877 in grants to CODAC INC, 4 of which have funded it in more than one year.
Who is the largest funder of CODAC INC?
BROWN UNIVERSITY is the largest funder on record, with $714,855 in grants. The full list of funders is on this page.
How can an organization like CODAC INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Rhode Island. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Codac →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing