Preservation Society of Newport County
424 Bellevue Ave, Newport, RI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $43,998,875 | $31,652,336 | $95,019,297 |
| FY2024 | $33,729,080 | $32,465,388 | $85,363,603 |
| FY2023 | $31,305,986 | $26,937,862 | $79,444,990 |
| FY2022 | $27,874,827 | $17,802,178 | $78,989,085 |
| FY2021 | $17,636,977 | $14,960,824 | $71,137,170 |
| FY2020 | $25,571,191 | $24,921,248 | $54,589,284 |
| FY2019 | $25,805,054 | $23,111,778 | $58,777,810 |
| FY2018 | $22,701,301 | $22,214,965 | $56,711,935 |
| FY2017 | $23,602,394 | $21,495,395 | $50,475,936 |
| FY2016 | $24,113,215 | $19,229,629 | $47,086,220 |
| FY2015 | $21,531,513 | $19,175,432 | $45,232,359 |
| FY2014 | $22,185,496 | $17,994,280 | $43,740,688 |
| FY2013 | $20,915,506 | $18,334,270 | $36,987,522 |
| FY2012 | $17,443,690 | $16,157,859 | $34,013,923 |
Form 990 filings
The returns filed by Preservation Society of Newport County (EIN 05-0252708), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $19,086,387 | 43% |
| Program service revenue | $16,776,397 | 38% |
| Other revenue | $8,136,091 | 18% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $25,986,440 | 82% |
| Management & general | $3,811,386 | 12% |
| Fundraising | $1,854,510 | 6% |
What the numbers show
- Contributions & grants made up 43% of total revenue in FY2025.
- Program services accounted for 82% of functional expenses, management & general 12%, and fundraising 6%.
- 82% of functional expenses went to program services in FY2025. That is higher than 67.3% of 907 Arts, Culture & Humanities organizations nationwide (too few in RI for a state comparison).
- Net assets covered about 36 months of expenses at the end of the reporting year. That puts it in the 62nd percentile among 204 Arts, Culture & Humanities organizations in RI.
- Total revenue was the highest among 204 Arts, Culture & Humanities organizations in RI.
- Total revenue rose from $17,443,690 in FY2012 to $43,998,875 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $34,013,923 to $95,019,297 between FY2012 and FY2025.
- Contributions and grants made up 21% of revenue in FY2012 and 43% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO PROTECT, PRESERVE, AND PRESENT AN EXCEPTIONAL COLLECTION OF HOUSE MUSEUMS AND LANDSCAPES.
IRS status
| Ruling year | 1947 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A800 — Arts, Culture & Humanities |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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