Rhode Island Pbs Foundation
Rhode Island PBS Foundation: Strong Asset Growth, High Program Spending
EIN: 222859005 · Providence, RI · NTEE: A32Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $26.1M |
| Total Expenses | $10.3M |
| Program Spending | 88% |
| Net Assets | $104.5M |
| Transparency Score | 85/100 |
Is Rhode Island Pbs Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rhode Island Pbs Foundation directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rhode Island Pbs Foundation
Rhode Island Pbs Foundation (EIN: 222859005) is a nonprofit organization based in Providence, RI, classified under NTEE code A32Z. The organization reported total revenue of $26.1M and total assets of $119.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Pbs Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Pbs Foundation is a large nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $10.3M |
| Surplus / Deficit | $-7,320,155 |
| Total Assets | $108.0M |
| Total Liabilities | $3.5M |
| Net Assets | $104.5M |
| Operating Margin | -248.5% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 126.3 months |
Financial Health Grade: B
In 2023, Rhode Island Pbs Foundation reported a deficit of $7.3M with expenses exceeding revenue, holds 126.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rhode Island Pbs Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -72.9% | +12.8% | +4.8% |
| 2022 | -0.7% | +9.8% | -14.8% |
| 2021 | +93.9% | +6.6% | +26.7% |
| 2020 | -33.6% | +12.5% | -2.4% |
| 2019 | +62.6% | +21.0% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Pbs Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Rhode Island Pbs Foundation allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $7.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.3%.
Executive Compensation Analysis
Executive compensation details are not provided in the given data, preventing a specific assessment of individual salaries.
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 Pbs Foundation:
- Significant asset growth from $3.7M in 2017 to $119.8M in 2023, indicating strong financial health and donor confidence.
- High percentage of spending consistently allocated to programs (e.g., 88% in 2023 based on available expense data), aligning with mission fulfillment.
- Consistent revenue generation, with a notable increase to $29.4M in 2023.
- Low administrative and fundraising overhead, demonstrating efficient operations.
Frequently Asked Questions about Rhode Island Pbs Foundation
Is Rhode Island Pbs Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Pbs Foundation (EIN: 222859005) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Rhode Island Pbs Foundation spend its money?
Rhode Island Pbs Foundation directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rhode Island Pbs Foundation tax-deductible?
Rhode Island Pbs Foundation is registered as a tax-exempt nonprofit (EIN: 222859005). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rhode Island Pbs Foundation's spending goes to programs?
Rhode Island Pbs Foundation directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rhode Island Pbs Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rhode Island Pbs Foundation is above average for NTEE category A32Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rhode Island Pbs Foundation located?
Rhode Island Pbs Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 222859005. It is classified under NTEE code A32Z.
How many years of IRS 990 filings does Rhode Island Pbs Foundation have?
Rhode Island Pbs Foundation 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 $26.1M in total revenue.
What does Rhode Island Pbs Foundation do?
Rhode Island Pbs Foundation is a nonprofit organization in the Arts, Culture & Humanities sector, located in Providence, Rhode Island. It is classified under NTEE code A32Z.
How much revenue does Rhode Island Pbs Foundation have?
Rhode Island Pbs Foundation reported total revenue of $26,077,867. Based on 13 IRS 990 filings on record.
What are Rhode Island Pbs Foundation's total assets?
Rhode Island Pbs Foundation holds total assets of $119,874,449 as reported in IRS 990 filings.
Where is Rhode Island Pbs Foundation located?
Rhode Island Pbs Foundation is based in Providence, Rhode Island.
What is Rhode Island Pbs Foundation's EIN?
Rhode Island Pbs Foundation's Employer Identification Number (EIN) is 222859005. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rhode Island Pbs Foundation?
Rhode Island Pbs Foundation is classified under NTEE code A32Z (Arts, Culture & Humanities).
Is Rhode Island Pbs Foundation a registered 501(c)(3)?
Yes, Rhode Island Pbs Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222859005.
Does Rhode Island Pbs Foundation file IRS Form 990?
Yes, Rhode Island Pbs Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Rhode Island Pbs Foundation's revenue in 2023?
In the 202306 filing period, Rhode Island Pbs Foundation reported total revenue of $2,945,869, total expenses of $10,266,024, and net assets of $108,013,174.
Is Rhode Island Pbs Foundation's revenue growing or declining?
Rhode Island Pbs Foundation's revenue is declining. Revenue went from $10,856,424 (202206) to $2,945,869 (202306), a -72.9% change. Based on 13 filings on record.
What is Rhode Island Pbs Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Rhode Island Pbs Foundation covers tax period 202306. It shows revenue of $2,945,869, expenses of $10,266,024, total assets of $108,013,174, and liabilities of $3,530,788.
How much does Rhode Island Pbs Foundation spend on programs vs administration?
Based on IRS 990 analysis, Rhode Island Pbs Foundation allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Rhode Island Pbs Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Rhode Island Pbs Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Rhode Island Pbs Foundation's strengths?
Positive indicators for Rhode Island Pbs Foundation include: Significant asset growth from $3.7M in 2017 to $119.8M in 2023, indicating strong financial health and donor confidence.. High percentage of spending consistently allocated to programs (e.g., 88% in 2023 based on available expense data), aligning with mission fulfillment.. Consistent revenue generation, with a notable increase to $29.4M in 2023.. Low administrative and fundraising overhead, demonstrating efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Rhode Island Pbs Foundation compensate executives?
Executive compensation details are not provided in the given data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the dramatic increase in assets from $3.7 million in 2017 to $119.8 million in 2023?
The provided data shows a substantial increase in assets, particularly between 2020 ($95.4M) and 2021 ($120.9M), and then again from 2022 ($103.1M) to 2023 ($119.8M). This suggests significant capital campaigns, large donations, or successful investment strategies during these periods.
Filing History
IRS 990 filing history for Rhode Island Pbs Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rhode Island Pbs Foundation's revenue has declined by 17.6%, moving from $3.6M to $2.9M. Total assets increased by 11858.8% over the same period, from $903K to $108.0M. Total functional expenses rose by 114%, from $4.8M to $10.3M. In its most recent filing year (2023), Rhode Island Pbs Foundation reported a deficit of $7.3M, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $108.0M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $104.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $10.3M | $108.0M | $3.5M | — | — |
| 2022 | $10.9M | $9.1M | $103.1M | $1.4M | — | View 990 |
| 2021 | $10.9M | $8.3M | $121.0M | $1.4M | — | View 990 |
| 2020 | $5.6M | $7.8M | $95.5M | $1.6M | — | View 990 |
| 2019 | $8.5M | $6.9M | $97.9M | $1.7M | — | View 990 |
| 2018 | $5.2M | $5.7M | $98.0M | $2.4M | — | View 990 |
| 2017 | $3.6M | $4.2M | $3.7M | $2.3M | — | View 990 |
| 2016 | $3.9M | $4.3M | $4.1M | $2.3M | — | View 990 |
| 2015 | $4.0M | $4.3M | $4.4M | $2.4M | — | View 990 |
| 2014 | $4.7M | $4.2M | $2.7M | $279K | — | View 990 |
| 2013 | $5.5M | $4.5M | $2.6M | $496K | — | View 990 |
| 2012 | $3.5M | $3.7M | $1.4M | $799K | — | View 990 |
| 2011 | $3.6M | $4.8M | $903K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $10.3M, and assets of $108.0M (revenue -72.9% year-over-year).
- 2022: Revenue of $10.9M, expenses of $9.1M, and assets of $103.1M (revenue -0.7% year-over-year).
- 2021: Revenue of $10.9M, expenses of $8.3M, and assets of $121.0M (revenue +93.9% year-over-year).
- 2020: Revenue of $5.6M, expenses of $7.8M, and assets of $95.5M (revenue -33.6% year-over-year).
- 2019: Revenue of $8.5M, expenses of $6.9M, and assets of $97.9M (revenue +62.6% year-over-year).
- 2018: Revenue of $5.2M, expenses of $5.7M, and assets of $98.0M (revenue +44.8% year-over-year).
- 2017: Revenue of $3.6M, expenses of $4.2M, and assets of $3.7M (revenue -8.6% year-over-year).
- 2016: Revenue of $3.9M, expenses of $4.3M, and assets of $4.1M (revenue -0.2% year-over-year).
- 2015: Revenue of $4.0M, expenses of $4.3M, and assets of $4.4M (revenue -15.1% year-over-year).
- 2014: Revenue of $4.7M, expenses of $4.2M, and assets of $2.7M (revenue -15.8% year-over-year).
- 2013: Revenue of $5.5M, expenses of $4.5M, and assets of $2.6M (revenue +56.2% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.7M, and assets of $1.4M (revenue -1.0% year-over-year).
- 2011: Revenue of $3.6M, expenses of $4.8M, and assets of $903K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Pbs Foundation:
Data Sources and Methodology
This transparency report for Rhode Island Pbs Foundation 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.