Washington, D.C. · Nonprofit
Friends of Rhode Island Ave NE
Friends of Rhode Island Ave NE (Washington, D.C.) receives grants from 3 organizations whose IRS filings report $40,443 to it, the largest being LATINO ECONOMIC DEVELOPMENT CORPORATION ($26,015). 1 of them have funded it in more than one year.
- Revenue FY2025
- $674k
- Funders on record
- 3
- Grants received
- $40k
- Net assets
- $267k
What Friends of Rhode Island Ave NE does
Mission
Revitalizing Rhode Island Ave NE between 3rd Street NE and Eastern Avenue. Improving commercial properties and streetscapes, promoting local businesses through special events and festivals. Creating new jobs and attracting new locally- owned businesses.
As stated on its FY2023 Form 990.
Program
DC Squared (Distinct Corridors. Developing Communities.) is a community development organization that advances equitable economic growth, entrepreneurship, workforce development, arts and humanities, food access, placemaking, and neighborhood revitalization throughout Northeast Washington, DCboth within and beyond designated Main Street corridors. Through its management of Rhode Island Avenue Main Street and Upper Bladensburg Road Main Street, DC Squared provides small business technical assistance, storefront improvement, market analysis, business recruitment, vacancy activation, and entrepreneur support. The organization also creates market opportunities and business incubation pathways that help entrepreneurs launch, grow, and access permanent commercial space. Beyond its Main Street programs, DC Squared develops workforce and entrepreneurial pathways while curating community events, markets, and public spaces that strengthen neighborhood identity, improve food access, activate underutilized spaces, and expand access to arts, humanities, culture, and economic opportunity. Through strategic partnerships, DC Squared integrates community development, event and space curation, real…
$585,806 spentof which $109,448 as grants100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $585,806.
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.
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 $317k to $185k (−42%).
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: 2017 84% · 2018 91% · 2019 97% · 2020 97% · 2021 96% · 2022 93% · 2023 93% · 2024 98% · 2025 98%. Grants only. Government contracts and fees sit inside program revenue.
100% of Friends of Rhode Island Ave NE’s revenue is contributions — more reliant on donations than three-quarters of its peers (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 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.
Chief executive
Michaela Blanchard
Executive Director
Board chair
Carlos Davis
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2021 → 2023: the base held at 1 funder, grant income fell $6k → $3k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 15% 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 Friends of Rhode Island Ave NE’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
Friends of Rhode Island Ave NE leans on a few funders — its largest provides 64% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
79% 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 Friends of Rhode Island Ave NE.
Largest funder’s share by year: 2021 100% · 2022 100% · 2023 100% — broadly stable.
“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.
Where its funders are
100% of Friends of Rhode Island Ave NE's grant income comes from Washington, D.C. funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $6k 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.
Against its field
Friends of Rhode Island Ave NE's revenue grew 27% between 2017 and 2025.
this organization peer median middle 50% of peers· 7,175 community improvement nonprofits $100k–$1M, FY2025
Organizations like Friends of Rhode Island Ave NE
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 Washington, D.C.
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
78% of spending goes to programs.
Governance
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 Friends of Rhode Island Ave NE: 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 Friends of Rhode Island Ave NE?
- Friends of Rhode Island Ave NE (Washington, D.C.) receives grants from 3 organizations whose IRS filings report $40,443 to it, the largest being LATINO ECONOMIC DEVELOPMENT CORPORATION ($26,015). 1 of them have funded it in more than one year.
- How many funders does Friends of Rhode Island Ave NE have?
- IRS filings report 3 organizations giving $40,443 in grants to Friends of Rhode Island Ave NE, 1 of which have funded it in more than one year.
- Who is the largest funder of Friends of Rhode Island Ave NE?
- LATINO ECONOMIC DEVELOPMENT CORPORATION is the largest funder on record, with $26,015 in grants. The full list of funders is on this page.
- How can an organization like Friends of Rhode Island Ave NE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Washington, D.C.. 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 FY2025 (financials across 2017–2025), and the filings of 3 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