Providence College
83% goes to programs $19 to raise $100 Strong reserves Growing revenue
Providence College is a 501(c)(3) organization based in Providence, Rhode Island, registered in 1942, with $383,926,251 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
1 Cunningham Sq, Providence, RI, 02918 EIN 05-0258932 Since 1942
Revenue (FY2023)
$383.9M
▲ 3.0% vs prior year
Education median: $200K
Expenses (FY2023)
$377.9M
Net assets
$721.5M
Employees
2,891
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating83% to programs · $19 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Providence College: 83% to programs · $19 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Providence College: 23 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Providence College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Providence College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule oprovidence college is a catholic, dominican, liberal arts institution of higher education and a community committed to academic excellence.
Contact & location
- Address
- 1 Cunningham Sq, Providence, RI, 02918
- City
- Providence
- State
- Rhode Island
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $254.1M (FY2013) to $383.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $362.8MNet assets $721.5M
Operating margin
1.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$362.8M
Net assets
$721.5M
Salaries & benefits
$142.5M
38% of expenses
Board members
40
35 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $383,926,251▲3.0% | $377,862,190▲8.1% | $721,484,306▲5.3% | $1,084,277,652▲3.8% | 990 |
| 2022 | $372,863,038▲2.4% | $349,671,951▲5.4% | $684,970,099▲5.1% | $1,044,258,281▲16.4% | 990 |
| 2021 | $364,064,066▲11.1% | $331,734,828▲9.9% | $651,974,664▼2.9% | $896,934,054▼2.0% | 990 |
| 2020 | $327,751,899▲9.5% | $301,852,279▲2.3% | $671,272,482▲18.0% | $914,914,351▲22.3% | 990 |
| 2019 | $299,300,711▼5.5% | $295,190,666▲0.4% | $568,834,662▲1.4% | $748,292,244▼0.7% | 990 |
| 2018 | $316,611,289▲3.9% | $294,015,376▲6.4% | $560,932,967▲3.0% | $753,499,934▲1.1% | 990 |
| 2017 | $304,863,629▲6.2% | $276,435,334▲3.9% | $544,338,545▲3.1% | $745,242,649▲1.8% | 990 |
| 2016 | $286,975,092▲3.8% | $265,939,279▲5.5% | $527,748,751▲5.9% | $731,903,393▲11.3% | 990 |
| 2015 | $276,456,891▲3.4% | $252,166,269▲3.6% | $498,532,050▲2.9% | $657,415,002▲7.3% | 990 |
| 2014 | $267,424,134▲5.3% | $243,500,682▲2.9% | $484,380,485▲2.8% | $612,468,540▲1.8% | 990 |
| 2013 | $254,057,233 | $236,738,994▲10.0% | $471,227,304▲9.3% | $601,856,573▼3.3% | 990 |
| 2012 | — | $215,135,746▲6.3% | $431,142,659▲9.4% | $622,188,667▲18.2% | 990 |
| 2011 | — | $202,309,464▲5.0% | $394,159,921▲4.4% | $526,357,707▲10.5% | 990 |
| 2010 | — | $192,640,315▲6.3% | $377,551,592▲12.8% | $476,387,973▲9.8% | 990 |
| 2009 | — | $181,174,634 | $334,823,800 | $433,715,098 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Kim English — $1,931,171 (0.51% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kim English | Mens Bball Coach (beg 3/23/23) | 40 | $1,931,171 |
| Edward Cooley | Mens Bball Coach (thru 3/21/23) | 40 | $1,143,322 |
| Nathan Leaman | Mens Hockey Coach | 40 | $971,616 |
| Steven Napolillo | Vp & Dir of Athletics | 40 | $612,655 |
| Gregory Waldron | Sr Vp Instit. Advancement | 40 | $558,890 |
| Ann Manchester-molak | Evp & Trustee | 40 | $509,898 |
| John Sweeney | Sr Vp Finance/cfo | 40 | $476,721 |
| Sean Reid | Sr Vp Academic Affairs/provost | 40 | $467,754 |
| Kyle Mcinnis | Sr. Advisor To Pres | 40 | $455,518 |
| Steven Sears | Sr. Vp Student Affairs | 40 | $413,648 |
| Christopher Neronha | Vp & Gen Counsel | 40 | $392,587 |
| Sylvia Maxfield | Dean School of Business | 40 | $367,987 |
| Jill Lapoint | Sr Assoc Vp/deputy Athletic Director/swa | 40 | $310,908 |
| Quincy Bevely | Vp Instit. Dei (beg 7/17/23) | 40 | $212,439 |
| Andre E Owens Esq | Trustee | 2 | — |
| Christopher F Virgulak | Trustee | 2 | — |
| Christopher J Walker | Trustee | 2 | — |
| Christopher K Reilly | Board Chair | 4 | — |
| Colleen M Duffy | Board Secretary | 3 | — |
| Dennis J Langwell | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Dimeo Construction Company | Construction Services | $56,664,449 |
| Farrar & Associates | Construction Services | $16,309,127 |
| Sodexo Inc | Food Services | $14,661,963 |
| Ug2 LLC | Janitorial Services | $5,046,373 |
| Joseph Tavone Incorporated | Construction Services | $3,969,251 |
Grants received · $71.0M total
233 grants to Providence College totaling $71.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $97K in FY2023
8 grants totaling $97K in FY2023. All grants made by Providence College →
| Recipient | Purpose | Amount |
|---|---|---|
| Foster Forward | General support | $20,000 |
| Rhode Island Kids Count Inc | General support | $20,000 |
| St Annes Shrine Preservation Society Inc | General support | $15,000 |
| Holy Family High School Inc | General support | $10,000 |
| Chicago Blackhawks Foundation | General support | $10,000 |
| Onward We Learn | General support | $10,000 |
| A Wish Come True Inc | General support | $6,400 |
| Garden of Dreams Foundation | General support | $6,000 |
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Compare Providence College
Frequently asked questions
- Is Providence College a legitimate nonprofit?
- Yes. Providence College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 05-0258932, based in Providence, Rhode Island. Donations are tax-deductible.
- What is Providence College's EIN?
- Providence College's Employer Identification Number (EIN) is 05-0258932.
- How much revenue does Providence College report?
- Providence College reported $383,926,251 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Providence College's spending goes to programs?
- Providence College spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Providence College have?
- CharityIndex grades Providence College A, based on program efficiency and fundraising cost.
- How much does Providence College's highest-paid employee make?
- The highest reported compensation on Providence College's latest Form 990 is $1,931,171, paid to Kim English (Mens Bball Coach (beg 3/23/23)).
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Data for Providence College (EIN 05-0258932) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.