RHODE ISLAND PHILHARMONIC ORCHESTRA & MUSIC SCHOOL

E PROVIDENCE, RI, 02914-1712 (401) 248-7070 Est. 1944 EIN 05-0267451

A690— Arts, Culture & Humanities Form 990 501(c)(3)

Mission

THE ONLY PROFESSIONAL ORCHESTRA, THE ONLY CERTIFIED COMMUNITY MUSIC SCHOOL AND THE SECOND LARGEST NOT FOR PROFIT ARTS ORGANIZATION IN RHODE ISLAND, THE PHILHARMONIC SEEKS TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION.

Financials

Total Revenue

$7,226,418

Total Expenses

$7,825,802

Net Assets

$10,281,817

357 employees 25 volunteers

From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve

15.8 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 19.7%

Expenses ↑ 8.8%

Revenue Sources

Contributions 59.5% Earned revenue 38.0% Investment 2.9%

Expense Breakdown

Program 65.9% Management 29.0% Fundraising 5.1%

Officers & Key Employees (27)

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Grants Received (1)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2022 Form 990	$7,226,418 ↓	$7,825,802	$10,281,817
2021 Form 990	$8,995,792 ↑	$7,192,819	$10,520,262
2020 Form 990	$5,398,910 ↑	$5,196,699	$10,121,050
2019 Form 990	$4,725,714 ↓	$5,573,083	$8,823,707
2018 Form 990	$5,500,254 ↑	$5,958,865	$9,769,817
2017 Form 990	$5,029,145	$5,578,397	$10,182,701