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Arts, Culture & Humanities · 2023 Form 990

Providence Performing Arts Center: $23.4M Revenue, $18.4M Program Expenses

Providence, Rhode Island · EIN 050377244 · Filing year 2023

Providence Performing Arts Center reported $23.4M in total revenue, $23.6M in total expenses, and $76.0M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($18.4M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (65/100).

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

B
Efficiency Score
65/100

Key Facts (2023 Form 990)

Total Revenue
$23.4M
Total Expenses
$23.6M
Program Expenses
$18.4M
Program Expense Ratio
78.0%
Total Assets
$76.0M
Reserve Months
38.6 months
EIN
050377244
Latest 990 Year
2023
Top Officer Compensation
Not reported

Providence Performing Arts Center grades a B on the nonprofit efficiency rubric. 65/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

Providence Performing Arts Center reported $23.4M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Revenue trend is mildly positive across the five-year filing window — modest growth, consistent with stable funding sources keeping pace with organizational costs. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Providence Performing Arts Center sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$23.4M
Revenue
$23.6M
Expenses
$76.0M
Total Assets
78.0%
Program Spending

How Providence Performing Arts Center Compares

Providence Performing Arts Center directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 65/100 is 4 points below the Arts, Culture & Humanities category average. The organization holds 38.6 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$18.4M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
38.6 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Providence Performing Arts Center, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Providence Performing Arts Center has an Efficiency Score of B (65/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Providence Performing Arts Center, Donor FAQ

Providence Performing Arts Center has an Efficiency Score of B (65/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Providence Performing Arts Center is not reported in the most recent IRS 990 filing on file.

Providence Performing Arts Center reported $23.4M in annual revenue and $23.6M in total expenses for filing year 2023. The organization holds $76.0M in total assets.

For every dollar donated to Providence Performing Arts Center, approximately 78.0 cents goes to program activities. The organization has 38.6 months of operating reserves, providing financial stability to sustain its mission.

Providence Performing Arts Center is a registered 501(c) organization with EIN 050377244, 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 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.