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Education · 2023 Form 990

Providence College: $372.9M Revenue, $349.7M Expenses

Providence, Rhode Island · EIN 050258932 · Filing year 2023

Providence College reported $372.9M in total revenue, $349.7M in total expenses, and $1.0B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $4.3M (1.15% of revenue). NonprofitTruth efficiency grade: C (63/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
63/100

Key Facts (2023 Form 990)

Total Revenue
$372.9M
Total Expenses
$349.7M
Total Assets
$1.0B
Reserve Months
35.8 months
Surplus / (Deficit)
$23.2M
EIN
050258932
Latest 990 Year
2023
Current-Officer Compensation
$4.3M
Officer Comp % of Revenue
1.15%

The composite efficiency score of 63/100 puts Providence College at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).

Annual revenue at Providence College runs $372.9M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Operating reserves at Providence College are adequate: the balance sheet covers a reasonable share of annual expenses, though not a deep multi-year cushion.

Five-year revenue has grown modestly. Providence College is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. Officer compensation is modest relative to organizational size: Providence College reports $4.3M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $372.9M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Providence College sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$372.9M
Revenue
$349.7M
Expenses
$1.0B
Total Assets
$4.3M
Officer Compensation

How Providence College Compares

Providence College earns a NonprofitTruth efficiency grade of C (63/100). That is 1 points below the Education category average. Compensation for current officers and key employees represents 1.15% of total revenue. The organization holds 35.8 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$349.7M
Total Expenses
Filing year 2023
$4.3M
Officer Compensation
1.15% of revenue
35.8 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Providence College reported $372.9M in revenue against $349.7M in total functional expenses for filing year 2023, holding roughly 35.8 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $4.3M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.15% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Providence College has a NonprofitTruth Efficiency Score of C (63/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Providence College, Donor FAQ

Providence College has a NonprofitTruth Efficiency Score of C (63/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Providence College reports $4.3M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.15% of the organization's $372.9M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Providence College reported $372.9M in annual revenue and $349.7M in total expenses for filing year 2023. The organization holds $1.0B in total assets.

Providence College holds approximately 35.8 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Providence College is a registered 501(c) organization with EIN 050258932, based in Providence, Rhode Island. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.