Rhode Island Association Of School Principals
Rhode Island Principals' Association: Stable Finances, High Program Spending
EIN: 222579549 · Warwick, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $367K |
| Total Expenses | $336K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $318K |
| Transparency Score | 75/100 |
Is Rhode Island Association Of School Principals Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rhode Island Association Of School Principals directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rhode Island Association Of School Principals
Rhode Island Association Of School Principals (EIN: 222579549) is a nonprofit organization based in Warwick, RI. The organization reported total revenue of $367K and total assets of $427K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Association Of School Principals's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Association Of School Principals is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $325K |
| Total Expenses | $336K |
| Surplus / Deficit | $-10,584 |
| Total Assets | $510K |
| Total Liabilities | $192K |
| Net Assets | $318K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 37.6% |
| Months of Reserves | 18.2 months |
Financial Health Grade: B
In 2023, Rhode Island Association Of School Principals reported a deficit of $11K with expenses exceeding revenue, holds 18.2 months of operating reserves (strong position), has a debt-to-asset ratio of 37.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rhode Island Association Of School Principals's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.5% | +8.4% | -2.7% |
| 2022 | +1.8% | +2.2% | +23.0% |
| 2021 | -8.5% | +5.8% | +13.5% |
| 2020 | +9.8% | -10.9% | +10.8% |
| 2019 | +0.8% | -1.4% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rhode Island Association Of School Principals with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Rhode Island Association Of School Principals allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.6%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no individual compensation exceeding $100,000 in recent filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Rhode Island Association Of School Principals:
- Consistent revenue and asset growth over the past five years, indicating financial stability.
- High percentage of spending dedicated to programs, demonstrating a strong commitment to its mission.
- Healthy liquidity with current assets consistently exceeding liabilities.
Frequently Asked Questions about Rhode Island Association Of School Principals
Is Rhode Island Association Of School Principals a legitimate charity?
Rhode Island Association Of School Principals (EIN: 222579549) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $367K. No red flags identified. 3 strengths noted. Financial health grade: B.
How does Rhode Island Association Of School Principals spend its money?
Rhode Island Association Of School Principals directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rhode Island Association Of School Principals tax-deductible?
Rhode Island Association Of School Principals is registered as a tax-exempt nonprofit (EIN: 222579549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rhode Island Association Of School Principals CEO make?
Rhode Island Association Of School Principals's highest-compensated officer earns $100,000 annually. The organization reported $367K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rhode Island Association Of School Principals's spending goes to programs?
Rhode Island Association Of School Principals directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Rhode Island Association Of School Principals located?
Rhode Island Association Of School Principals is headquartered in Warwick, Rhode Island and files with the IRS under EIN 222579549.
How many years of IRS 990 filings does Rhode Island Association Of School Principals have?
Rhode Island Association Of School Principals has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $367K in total revenue.
What does Rhode Island Association Of School Principals do?
Rhode Island Association Of School Principals is a nonprofit organization in the Unknown sector, located in Warwick, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Rhode Island Association Of School Principals have?
Rhode Island Association Of School Principals reported total revenue of $367,054. Based on 13 IRS 990 filings on record.
What are Rhode Island Association Of School Principals's total assets?
Rhode Island Association Of School Principals holds total assets of $426,983 as reported in IRS 990 filings.
Where is Rhode Island Association Of School Principals located?
Rhode Island Association Of School Principals is based in Warwick, Rhode Island.
What is Rhode Island Association Of School Principals's EIN?
Rhode Island Association Of School Principals's Employer Identification Number (EIN) is 222579549. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rhode Island Association Of School Principals?
Rhode Island Association Of School Principals is classified under NTEE code Unknown (Unknown).
Is Rhode Island Association Of School Principals a registered 501(c)(3)?
Rhode Island Association Of School Principals appears in IRS records (EIN: 222579549). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Rhode Island Association Of School Principals file IRS Form 990?
Yes, Rhode Island Association Of School Principals has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Rhode Island Association Of School Principals's revenue in 2023?
In the 202308 filing period, Rhode Island Association Of School Principals reported total revenue of $325,387, total expenses of $335,971, and net assets of $509,906.
Is Rhode Island Association Of School Principals's revenue growing or declining?
Rhode Island Association Of School Principals's revenue is relatively stable. Revenue went from $311,440 (202208) to $325,387 (202308), a +4.5% change. Based on 13 filings on record.
What is Rhode Island Association Of School Principals's most recent 990 filing?
The most recent IRS Form 990 filing for Rhode Island Association Of School Principals covers tax period 202308. It shows revenue of $325,387, expenses of $335,971, total assets of $509,906, and liabilities of $191,802.
How much does Rhode Island Association Of School Principals spend on programs vs administration?
Based on IRS 990 analysis, Rhode Island Association Of School Principals allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Rhode Island Association Of School Principals a trustworthy charity?
Based on AI analysis of IRS 990 data, Rhode Island Association Of School Principals appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Rhode Island Association Of School Principals's strengths?
Positive indicators for Rhode Island Association Of School Principals include: Consistent revenue and asset growth over the past five years, indicating financial stability.. High percentage of spending dedicated to programs, demonstrating a strong commitment to its mission.. Healthy liquidity with current assets consistently exceeding liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Rhode Island Association Of School Principals compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no individual compensation exceeding $100,000 in recent filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to maintain consistent revenue despite potential fluctuations in school funding or membership?
The organization's revenue has remained remarkably stable, hovering around $300,000-$330,000 annually, suggesting a reliable membership base and consistent funding streams, possibly through dues or grants not directly tied to volatile public school budgets.
What specific programs or services account for the consistently high program spending percentage?
While the filings show a high program spending percentage, a deeper dive into the Form 990's Schedule O or program service accomplishments section would be needed to identify the specific initiatives, conferences, or advocacy efforts that constitute the bulk of these expenditures.
Filing History
IRS 990 filing history for Rhode Island Association Of School Principals showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rhode Island Association Of School Principals's revenue has grown by 27.7%, moving from $255K to $325K. Total assets increased by 265% over the same period, from $140K to $510K. Total functional expenses rose by 28.8%, from $261K to $336K. In its most recent filing year (2023), Rhode Island Association Of School Principals reported a deficit of $11K, with expenses exceeding revenue. The organization holds $192K in liabilities against $510K in assets (debt-to-asset ratio: 37.6%), resulting in net assets of $318K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $325K | $336K | $510K | $192K | — | View 990 |
| 2022 | $311K | $310K | $524K | $244K | — | View 990 |
| 2021 | $306K | $303K | $426K | $174K | — | — |
| 2020 | $334K | $286K | $375K | $133K | — | — |
| 2019 | $305K | $322K | $339K | $144K | — | View 990 |
| 2018 | $302K | $326K | $312K | $101K | — | View 990 |
| 2017 | $322K | $317K | $330K | $95K | — | View 990 |
| 2016 | $263K | $263K | $386K | $122K | — | View 990 |
| 2015 | $167K | $245K | $386K | $118K | — | View 990 |
| 2014 | $426K | $274K | $346K | $0 | — | View 990 |
| 2013 | $331K | $284K | $198K | $4K | — | View 990 |
| 2012 | $285K | $271K | $151K | $3K | — | View 990 |
| 2011 | $255K | $261K | $140K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $325K, expenses of $336K, and assets of $510K (revenue +4.5% year-over-year).
- 2022: Revenue of $311K, expenses of $310K, and assets of $524K (revenue +1.8% year-over-year).
- 2021: Revenue of $306K, expenses of $303K, and assets of $426K (revenue -8.5% year-over-year).
- 2020: Revenue of $334K, expenses of $286K, and assets of $375K (revenue +9.8% year-over-year).
- 2019: Revenue of $305K, expenses of $322K, and assets of $339K (revenue +0.8% year-over-year).
- 2018: Revenue of $302K, expenses of $326K, and assets of $312K (revenue -6.3% year-over-year).
- 2017: Revenue of $322K, expenses of $317K, and assets of $330K (revenue +22.5% year-over-year).
- 2016: Revenue of $263K, expenses of $263K, and assets of $386K (revenue +57.4% year-over-year).
- 2015: Revenue of $167K, expenses of $245K, and assets of $386K (revenue -60.8% year-over-year).
- 2014: Revenue of $426K, expenses of $274K, and assets of $346K (revenue +28.8% year-over-year).
- 2013: Revenue of $331K, expenses of $284K, and assets of $198K (revenue +16.2% year-over-year).
- 2012: Revenue of $285K, expenses of $271K, and assets of $151K (revenue +11.6% year-over-year).
- 2011: Revenue of $255K, expenses of $261K, and assets of $140K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Association Of School Principals:
Data Sources and Methodology
This transparency report for Rhode Island Association Of School Principals is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.