RHODE ISLAND SCHOOL OF DESIGN
2 COLLEGE ST, PROVIDENCE, RI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $239,901,991 | $229,075,539 | $561,954,132 |
| FY2024 | $223,500,826 | $226,885,120 | $517,699,399 |
| FY2023 | $228,805,896 | $220,855,533 | $495,195,454 |
| FY2022 | $225,470,039 | $205,705,909 | $480,533,672 |
| FY2021 | $23,152 | $18,673 | $25,197 |
| FY2020 | $216,882,419 | $188,096,035 | $447,767,466 |
| FY2019 | $221,821,222 | $183,596,691 | $452,113,960 |
| FY2018 | $217,078,503 | $170,566,736 | $447,023,776 |
| FY2017 | $169,273,950 | $162,720,272 | $412,915,159 |
| FY2016 | $153,649,215 | $157,291,495 | $374,125,056 |
| FY2015 | $158,454,700 | $155,721,447 | $390,587,596 |
| FY2014 | $144,714,370 | $150,786,156 | $382,093,970 |
| FY2013 | $142,823,165 | $141,161,413 | $349,865,396 |
| FY2012 | $143,821,328 | $136,438,706 | $331,110,311 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $16,865,804 | 8% |
| Program service revenue | $197,859,132 | 92% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $179,749,776 | 78% |
| Management & general | $41,113,189 | 18% |
| Fundraising | $8,212,574 | 4% |
What the numbers show
- Program service revenue made up 92% of total revenue in FY2025.
- Program services accounted for 78% of functional expenses, management & general 18%, and fundraising 4%.
- 78% of functional expenses went to program services in FY2025. That is higher than 30.4% of 23 Education organizations in RI.
- Net assets covered about 29.4 months of expenses at the end of the reporting year. That puts it in the 65th percentile among 256 Education organizations in RI.
- Total revenue was higher than 99.2% of 258 Education organizations in RI.
- Total revenue rose from $143,821,328 in FY2012 to $239,901,991 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2014, FY2016, FY2024).
- Net assets grew from $331,110,311 to $561,954,132 between FY2012 and FY2025.
- Donations are generally tax-deductible (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 EDUCATE ITS STUDENTS AND THE PUBLIC IN THE CREATION AND APPRECIATION OF ART AND DESIGN.
IRS status
| Ruling year | 1934 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B500 — Education |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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