Rhode Island School Of Design: $228.8M Revenue, $172.3M Program Expenses
Providence, Rhode Island · EIN 050258956 · Filing year 2023
Rhode Island School Of Design reported $228.8M in total revenue, $220.9M in total expenses, and $714.1M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($172.3M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (70/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $228.8M
- Total Expenses
- $220.9M
- Program Expenses
- $172.3M
- Program Expense Ratio
- 78.0%
- Total Assets
- $714.1M
- Reserve Months
- 38.8 months
- EIN
- 050258956
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
The efficiency rubric puts Rhode Island School Of Design at a B grade: a composite of 70/100 that lands above the national midpoint. The grade reflects solid program-spending discipline alongside reasonable executive compensation and financial reserves.
Rhode Island School Of Design is a large nonprofit by U.S. standards: $228.8M in 2023 revenue against $220.9M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Rhode Island School Of Design directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Five-year revenue is essentially flat — Rhode Island School Of Design's funding base appears stable but not growing. For mature organizations this is often the steady state; for younger ones it can signal a funding plateau worth diagnosing. 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. In the Education category, Rhode Island School Of Design 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 ratios should be read.
How Rhode Island School Of Design Compares
Rhode Island School Of Design directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 70/100 is 4 points below the Education category average. The organization holds 38.8 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Rhode Island School Of Design, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Rhode Island School Of Design has an Efficiency Score of B (70/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Rhode Island School Of Design, Donor FAQ
Rhode Island School Of Design has an Efficiency Score of B (70/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Rhode Island School Of Design is not reported in the most recent IRS 990 filing on file.
Rhode Island School Of Design reported $228.8M in annual revenue and $220.9M in total expenses for filing year 2023. The organization holds $714.1M in total assets.
For every dollar donated to Rhode Island School Of Design, approximately 78.0 cents goes to program activities. The organization has 38.8 months of operating reserves, providing financial stability to sustain its mission.
Rhode Island School Of Design is a registered 501(c) organization with EIN 050258956, based in Providence, Rhode Island. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Education Nonprofits
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.