Rhode Island · Nonprofit
FEDERAL HILL COMMERCE ASSOCIATION
FEDERAL HILL COMMERCE ASSOCIATION (Rhode Island) receives grants from 1 organization whose IRS filings report $48,500 to it, the largest being THE CIANCI EDUCATIONAL FOUNDATION ($48,500). 1 of them have funded it in more than one year.
- Revenue FY2024
- $1.6M
- Funders on record
- 1
- Grants received
- $49k
- Net assets
- $1.2M
What Federal Hill Commerce Association does
Mission
To foster development, promotion and improvements of the areas designated within its jurisdication.
As stated on its FY2024 Form 990.
Program
Promoting, fostering development, and improving the federal hill area.
$289,952 spent$170,241 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $289,952.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $94k to $1.2M (+1169%).
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.
Government-grant reliance: 2020 85% · 2021 44% · 2022 79% · 2023 89% · 2024 88%. Grants only. Government contracts and fees sit inside program revenue.
89% of FEDERAL HILL COMMERCE ASSOCIATION’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.
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.
Board chair
Armando Bisceglia
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2018 → 2023: the base held at 1 funder, grant income fell $11k → $3k.
From the IRS filings of FEDERAL HILL COMMERCE ASSOCIATION’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.
Where its funders are
100% of FEDERAL HILL COMMERCE ASSOCIATION's grant income comes from Rhode Island funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. 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.
Against its field
FEDERAL HILL COMMERCE ASSOCIATION runs a healthier operating margin than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Organizations like FEDERAL HILL COMMERCE ASSOCIATION
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
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
55% of spending goes to programs.
Governance
Public support
92%
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 FEDERAL HILL COMMERCE ASSOCIATION: 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.
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 FEDERAL HILL COMMERCE ASSOCIATION?
- FEDERAL HILL COMMERCE ASSOCIATION (Rhode Island) receives grants from 1 organization whose IRS filings report $48,500 to it, the largest being THE CIANCI EDUCATIONAL FOUNDATION ($48,500). 1 of them have funded it in more than one year.
- How many funders does FEDERAL HILL COMMERCE ASSOCIATION have?
- IRS filings report 1 organization giving $48,500 in grants to FEDERAL HILL COMMERCE ASSOCIATION, 1 of which have funded it in more than one year.
- Who is the largest funder of FEDERAL HILL COMMERCE ASSOCIATION?
- THE CIANCI EDUCATIONAL FOUNDATION is the largest funder on record, with $48,500 in grants. The full list of funders is on this page.
- How can an organization like FEDERAL HILL COMMERCE ASSOCIATION 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.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 1 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