Ringling College of Art and Design Inc

Analysis

Ringling College of Art and Design Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in May 1938, 88 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 May 2023, Ringling College of Art and Design Inc reported income of $122.8m and spending of $118.5m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $105.8m to $122.8m (+16%), an average of +3.8% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ringling College of Art and Design Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Charleston Southern University ($122.5m), WB Community Health ($123.0m) and Maryland Institute ($122.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.5m (1.3% of expenses). Other salaries and wages came to $29.6m. It paid $14k in professional fundraising fees. At year end it held assets of $403.4m against liabilities of $175.6m, net assets of $227.8m. It reported 1,204 employees.