Rhode Island Philharmonic Orchestra & Music School
Only null% goes to programs Strong reserves
Rhode Island Philharmonic Orchestra & Music School is a 501(c)(3) organization based in E Providence, Rhode Island, registered in 1952, with $10,232,780 in FY2024 revenue. CharityIndex grades it B.
667 Waterman Ave, E Providence, RI, 02914 EIN 05-0267451 Since 1952
Revenue (FY2024)
$10.2M
▲ 51.3% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$7.1M
Net assets
$13.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Rhode Island Philharmonic Orchestra & Music School— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · +31% 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 Rhode Island Philharmonic Orchestra & Music School: 23 mo reserves · +31% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Rhode Island Philharmonic Orchestra & Music School— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Rhode Island Philharmonic Orchestra & Music School: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 667 Waterman Ave, E Providence, RI, 02914
- City
- E Providence
- State
- Rhode Island
- Category
- Arts, Culture & Humanities
- Subcategory
- Performing Arts
- Website
- …
Financial trends
Revenue grew from $6.1M (FY2013) to $10.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.4MNet assets $13.4M
Operating margin
31.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.8M
Total liabilities
$1.4M
Net assets
$13.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,232,780▲51.3% | $7,064,102▼8.3% | $13,422,371▲36.9% | $14,800,453▲2.6% | 990 |
| 2023 | $6,763,441▼6.4% | $7,705,155▼1.5% | $9,802,308▼4.7% | $14,426,564▼3.2% | 990 |
| 2022 | $7,226,418▼19.7% | $7,825,802▲8.8% | $10,281,817▼2.3% | $14,898,353▲0.2% | 990 |
| 2021 | $8,995,792▲66.6% | $7,192,819▲38.4% | $10,520,262▲3.9% | $14,866,163▼5.9% | 990 |
| 2020 | $5,398,910▲14.2% | $5,196,699▼6.8% | $10,121,050▲14.7% | $15,804,954▲10.5% | 990 |
| 2019 | $4,725,714▼14.1% | $5,573,083▼6.5% | $8,823,707▼9.7% | $14,305,365▼4.1% | 990 |
| 2018 | $5,500,254▲9.4% | $5,958,865▲6.8% | $9,769,817▼4.1% | $14,912,745▼2.5% | 990 |
| 2017 | $5,029,145▲1.8% | $5,578,397▲0.5% | $10,182,701▼2.3% | $15,299,127▼2.6% | 990 |
| 2016 | $4,938,175▼35.2% | $5,552,169▲2.3% | $10,426,236▼4.2% | $15,709,875▼8.7% | 990 |
| 2015 | $7,625,901▲44.8% | $5,426,728▲2.2% | $10,880,977▲25.1% | $17,203,404▲10.4% | 990 |
| 2014 | $5,267,338▼13.5% | $5,309,759▲2.2% | $8,697,564▼0.7% | $15,584,939▼1.4% | 990 |
| 2013 | $6,086,406 | $5,196,104▲7.0% | $8,758,823▲15.6% | $15,800,851▲4.4% | 990 |
| 2012 | — | $4,855,996▲4.0% | $7,576,561▲19.8% | $15,133,424▲10.3% | 990 |
| 2011 | — | $4,668,075▲4.0% | $6,325,552▲12.9% | $13,721,657▲5.7% | 990 |
| 2010 | — | $4,489,533▲3.4% | $5,605,183▲0.5% | $12,980,531▼2.2% | 990 |
| 2009 | — | $4,339,978 | $5,576,412 | $13,267,938 | 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.
Grants received · $5.5M total
92 grants to Rhode Island Philharmonic Orchestra & Music School totaling $5.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Rhode Island Community Foundation | Art - arts and culture (primary) | 2024 | $3,146,865 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $10,000 |
| The Rhode Island Community Foundation | Arts and culture | 2023 | $345,276 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $20,750 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2023 | $10,000 |
| The Rhode Island Community Foundation | General operating support | 2022 | $100,967 |
| The Rhode Island Community Foundation | Ri philharmonic gos expansion of dei initiatives | 2022 | $85,000 |
| The Rhode Island Community Foundation | Scholarships | 2022 | $79,267 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $35,600 |
| The Rhode Island Community Foundation | General operating support. | 2022 | $25,000 |
| The Rhode Island Community Foundation | Program support | 2022 | $18,735 |
| T Rowe Price Program For Charitable Giving Inc | General operating | 2022 | $10,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2022 | $6,000 |
| The Rhode Island Community Foundation | Music education; link up; link up program; musicians support; philharmonic musicians; support music education; program support; general support; general operating | 2021 | $307,967 |
| Network For Good Inc | Unrestricted | 2021 | $49,023 |
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Frequently asked questions
- Is Rhode Island Philharmonic Orchestra & Music School a legitimate nonprofit?
- Yes. Rhode Island Philharmonic Orchestra & Music School is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 05-0267451, based in E Providence, Rhode Island. Donations are tax-deductible.
- What is Rhode Island Philharmonic Orchestra & Music School's EIN?
- Rhode Island Philharmonic Orchestra & Music School's Employer Identification Number (EIN) is 05-0267451.
- How much revenue does Rhode Island Philharmonic Orchestra & Music School report?
- Rhode Island Philharmonic Orchestra & Music School reported $10,232,780 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rhode Island Philharmonic Orchestra & Music School have?
- CharityIndex grades Rhode Island Philharmonic Orchestra & Music School B, based on financial health (reserves and operating margin).
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Data for Rhode Island Philharmonic Orchestra & Music School (EIN 05-0267451) 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.