Codac Inc
Only null% goes to programs
Codac Inc is a 501(c)(3) organization based in Providence, Rhode Island, registered in 1991, with $21,261,842 in FY2023 revenue. CharityIndex grades it B.
45 Royal Little Dr, Providence, RI, 02904 EIN 05-0414696 Since 1991
Revenue (FY2023)
$21.3M
▲ 2.8% vs prior year
Mental Health median: $333K
Expenses (FY2023)
$22.1M
Net assets
$7.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Codac Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating4 mo reserves · -4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Codac Inc: 4 mo reserves · -4% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Codac Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Codac Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 45 Royal Little Dr, Providence, RI, 02904
- City
- Providence
- State
- Rhode Island
- Subcategory
- Substance Abuse Programs
- Website
- …
Financial trends
Revenue grew from $7.9M (FY2013) to $21.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $6.4MNet assets $7.5M
Operating margin
-3.8%
Spent more than it raised in the latest fiscal year.
Total assets
$13.9M
Total liabilities
$6.4M
Net assets
$7.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $21,261,842▲2.8% | $22,069,945▲12.2% | $7,456,507▼9.8% | $13,893,960▲10.2% | 990 |
| 2022 | $20,674,432▲12.8% | $19,669,083▲11.2% | $8,264,610▲13.6% | $12,606,574▲26.6% | 990 |
| 2021 | $18,326,322▼10.9% | $17,695,558▼1.7% | $7,272,484▲9.5% | $9,958,678▲26.3% | 990 |
| 2020 | $20,562,671▲20.9% | $17,995,876▲3.3% | $6,641,720▲63.0% | $7,883,380▲11.8% | 990 |
| 2019 | $17,004,240▲13.1% | $17,414,100▲18.1% | $4,074,924▼9.1% | $7,049,980▲16.1% | 990 |
| 2018 | $15,039,699▲10.9% | $14,741,819▲10.6% | $4,484,786▲7.1% | $6,070,526▲14.9% | 990 |
| 2017 | $13,558,378▲22.5% | $13,328,816▲25.4% | $4,186,906▲5.8% | $5,283,430▲11.1% | 990 |
| 2016 | $11,071,884▲18.2% | $10,625,149▲18.9% | $3,957,344▲12.7% | $4,754,507▲12.4% | 990 |
| 2015 | $9,363,717▼2.8% | $8,935,305▲6.1% | $3,510,609▲16.6% | $4,229,159▲23.8% | 990 |
| 2014 | $9,635,543▲22.5% | $8,422,155▲10.8% | $3,011,272▲72.3% | $3,415,576▲26.8% | 990 |
| 2013 | $7,864,934 | $7,597,993▲14.3% | $1,748,130▲22.8% | $2,693,928▲11.3% | 990 |
| 2012 | — | $6,646,978▲9.3% | $1,424,092▼27.2% | $2,419,465▼13.3% | 990 |
| 2011 | — | $6,084,085▲5.7% | $1,957,427▲5.9% | $2,791,474▲24.4% | 990 |
| 2010 | — | $5,756,476▲4.3% | $1,848,978▲16.1% | $2,244,777▲8.6% | 990 |
| 2009 | — | $5,519,690 | $1,591,970 | $2,066,812 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $1.5M total
19 grants to Codac Inc totaling $1.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Rhode Island Community Foundation | Children and family | 2023 | $150,000 |
| Brown University of Providence | Subcontract grant | 2022 | $17,290 |
| The Rhode Island Community Foundation | General operating; covid-19 access to telehealth services, mental health & opioid use disorders, uncovered by sprint; program support | 2021 | $87,000 |
| Brown University of Providence | Subcontract grant award | 2021 | $53,032 |
| Brown University of Providence | Subcontract grant award | 2020 | $297,209 |
| The Rhode Island Community Foundation | Codac behavioral health critical hazard pay for frontline clinical staff | 2020 | $200,000 |
| The Rhode Island Community Foundation | Codac behavioral health critical hazard pay for frontline clinical staff | 2020 | $200,000 |
| Family Service of Rhode Island Inc | To provide individual and family services | 2020 | $26,687 |
| Family Service of Rhode Island Inc | To provide individual and family services | 2020 | $26,687 |
| The Rhode Island Community Foundation | Donation | 2020 | $25,000 |
| The Rhode Island Community Foundation | Donation | 2020 | $25,000 |
| The Rhode Island Community Foundation | Codac behavioral health care responds to covid-19 with telehealth for those they serve | 2020 | $15,000 |
| The Rhode Island Community Foundation | Codac behavioral health care responds to covid-19 with telehealth for those they serve | 2020 | $15,000 |
| The Rhode Island Community Foundation | Mobile telehealth support | 2020 | $5,000 |
| The Rhode Island Community Foundation | Mobile telehealth support | 2020 | $5,000 |
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Frequently asked questions
- Is Codac Inc a legitimate nonprofit?
- Yes. Codac Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 05-0414696, based in Providence, Rhode Island. Donations are tax-deductible.
- What is Codac Inc's EIN?
- Codac Inc's Employer Identification Number (EIN) is 05-0414696.
- How much revenue does Codac Inc report?
- Codac Inc reported $21,261,842 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Codac Inc have?
- CharityIndex grades Codac Inc B, based on financial health (reserves and operating margin).
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Data for Codac Inc (EIN 05-0414696) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.