Human Services (P750) IRS Verified DX Registered 990 on File

TOCKWOTTON HOME

EIN: 05-0258881 · EAST PROVIDENCE, RI 02914-5048 · United States · FY 2024 Data

3 out of 5 59 / 100 Based on 2+ years of filings

Financial strength (30%) 86/100

Reliability (20%) 55/100

Effectiveness (25%) 93/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

As a 501 (c) (3) non-profit organization, Tockwotton on the Waterfront provides the Rhode Island community with a variety of services designed to meet the changing needs of older adults and their families. Our mission is to enable older adults to enjoy life to the fullest and to share with families and friends the responsibility for their care. At our core we serve a broad spectrum of the community, including those whose financial resources are limited. Tockwotton on the Waterfront seeks to achieve the highest level of quality in everything we do and to serve as a model to the senior care community. Our highest priority is to preserve the dignity and quality of life of those we serve. The services of Tockwotton on the Waterfront are available to all without regard to race, religion, color, national origin, sex, or source of payment.

Financial Overview — FY 2024

$18.7M

Total Revenue

$17.5M

Total Expenses

$13.8M

Net Assets

236

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 86.9%

Fundraising Efficiency 0.0%

Operating Reserve 9.45x

Liability-to-Asset 75.8%

Revenue Diversification 94.4%

Executive Compensation $504K

Compared with Peers

FY 2024

Compared with 2,032 similar organizations (United States, Human Services, $10M–$100M 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	86.9%	87.5%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	13.1%	11.1%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.2%	P10P90	Top quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	0.0%	423.7%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	9.5 mo	6.6 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	75.8%	32.8%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	94.4%	92.7%	P10P90	Below median
Revenue growth Year over year revenue growth	7.7%	7.6%	P10P90
Expense growth Year over year expense growth	0.8%	6.9%	P10P90
Surplus margin Surplus as a share of revenue	6.4%	1.6%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$18.7M	$17.5M	$13.8M	86.9%	236
2023	$17.3M	$17.4M	$11.5M	86.8%	222
2022	$17.5M	$17.5M	$9.8M	88.1%	212
2021	$16.5M	$17.1M	N/A	—	213

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Organization Details

EIN: 05-0258881
State: RI
City: EAST PROVIDENCE
ZIP: 02914-5048
Classification: P750
Category: Human Services
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1856
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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