Rhode Island School of Design

Analysis

Rhode Island School of Design is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1934, 92 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rhode Island School of Design reported income of $228.8m and spending of $220.9m, spending 97% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $221.8m to $228.8m (+3.1%), an average of +1.0% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rhode Island School of Design sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within RI. Charities of a similar size with the same main cause include Mater Academy Inc ($227.4m), Campbell University ($229.2m) and Clark University ($226.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $3.7m (1.7% of expenses). Other salaries and wages came to $84.4m. It paid $106k in professional fundraising fees. At year end it held assets of $714.1m against liabilities of $218.9m, net assets of $495.2m. It reported 3,515 employees.