Rhode Island · Nonprofit
THE ECONOMIC PROGRESS INSTITUTE
THE ECONOMIC PROGRESS INSTITUTE (Rhode Island) receives grants from 26 organizations whose IRS filings report $4,209,742 to it, the largest being THE RHODE ISLAND COMMUNITY FOUNDATION ($1,155,951). 18 of them have funded it in more than one year.
- Revenue FY2024
- $1.0M
- Funders on record
- 26
- Grants received
- $4.2M
- Net assets
- $823k
What The Economic Progress Institute does
Mission
The organization's mission is to improve the economic security of low and modest-income rhode islanders and monitor and encourage the development of tax and budget policies that are equitable and adequate to fund public services.
As stated on its FY2024 Form 990.
Programs
The institute informs policy debate with accurate, data-driven analysis about the economic health of rhode island and its residents. We scrutinize revenue and spending proposals to determine how they would affect rhode islander's day-to-day lives. We put this information into the hands of policymakers, journalists and concern citizens to promote,debate and encourage sound decision-making.
$464,288 spentof which $38,000 as grants66% of program spendingThe institute works to ensure the efficacy and sustanability of worker friendly work place policies such as paid family leave. Rhode island was a leader in creating one of the nation's first paid leave programs for its workers - the temporary caregiver insurance program (tci) in january 2014. We work with community organizations to ensure individuals know about program and that the administration of the program works for workers. We also worked with a coalition of organizations to provide economic policy analysis showing why paid sick leave are important, especially for lower- wage workers and workers of color, and helped explain the intersection and importance of rhode island offering both paid family leave earned sick days.
$84,416 spent12% of program spendingThe institute educates community-based workers about the work supports that help families meet basic need through written materials, in-person training and online guides to assistance. We also collaborate with state agencies to improve the delivery of services to improve efficiency and program integrity.
$154,762 spent22% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $703,466.
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 $568k to $887k (+56%).
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 13%. Grants only. Government contracts and fees sit inside program revenue.
91% of THE ECONOMIC PROGRESS INSTITUTE’s revenue is contributions — more donation-reliant than the typical peer (88% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 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
Dwayne Keys
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 16 funders, grant income rose $281k → $938k.
6 of 26 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 49% 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 THE ECONOMIC PROGRESS INSTITUTE’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
THE ECONOMIC PROGRESS INSTITUTE has a broad base — no single funder exceeds 27% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
82% 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 THE ECONOMIC PROGRESS INSTITUTE.
Largest funder’s share by year: 2017 39% · 2018 36% · 2019 35% · 2020 30% · 2021 32% · 2022 31% · 2023 48% — 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
78% of THE ECONOMIC PROGRESS INSTITUTE's funders are still giving 3 years after their first grant; 69% give in more than one year at all.
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
THE ECONOMIC PROGRESS INSTITUTE draws 88% of its grant income from funders outside Rhode Island, across 9 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.0M arriving through sponsors registered in 5 states 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
THE ECONOMIC PROGRESS INSTITUTE is better cushioned than half of the 1,003 public benefit nonprofits its size.
this organization peer median middle 50% of peers· 1,003 public benefit nonprofits $1M–$10M, FY2024
Organizations like THE ECONOMIC PROGRESS INSTITUTE
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
68% of spending goes to programs.
Governance
Public support
61%
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 THE ECONOMIC PROGRESS INSTITUTE: 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 THE ECONOMIC PROGRESS INSTITUTE?
- THE ECONOMIC PROGRESS INSTITUTE (Rhode Island) receives grants from 26 organizations whose IRS filings report $4,209,742 to it, the largest being THE RHODE ISLAND COMMUNITY FOUNDATION ($1,155,951). 18 of them have funded it in more than one year.
- How many funders does THE ECONOMIC PROGRESS INSTITUTE have?
- IRS filings report 26 organizations giving $4,209,742 in grants to THE ECONOMIC PROGRESS INSTITUTE, 18 of which have funded it in more than one year.
- Who is the largest funder of THE ECONOMIC PROGRESS INSTITUTE?
- THE RHODE ISLAND COMMUNITY FOUNDATION is the largest funder on record, with $1,155,951 in grants. The full list of funders is on this page.
- How can an organization like THE ECONOMIC PROGRESS INSTITUTE 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 2017–2024), and the filings of 26 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 22, 2026. What this page cannot tell you · view filing