B — EducationEIN: 050258928· Ruling Year: 1973

Providence Athenaeum

Providence, Rhode Island

B+Health Score
72B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 4 peers in Education with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org10.29×
Peer Median20.77×
💰
$1.7M
Total Revenue
📊
$1.5M
Total Expenses
🏦
$14.9M
Net Assets
📋
$116K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-19.3%
Year-over-year change (2022 → 2023)
Net Margin
+14.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
10.29
Net assets divided by total expenses
Liabilities-to-Assets
0.8%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$1,696,298↓19%$1,452,750↓26%$15,061,010↑9%
2022$2,102,324↓5%$1,951,057↑32%$13,863,990↓14%
2021$2,203,845↑71%$1,480,585↑16%$16,166,387↑22%
2020$1,290,484↑46%$1,272,231$13,287,642↑1%
2019$885,192↓43%$1,274,658↓2%$13,120,889↑1%
2018$1,552,839↓17%$1,297,082↑6%$12,948,991↑4%
2017$1,868,299↑49%$1,227,186↑6%$12,393,423↑8%
2016$1,249,708↑26%$1,159,621↑9%$11,518,136↓3%
2015$990,944↓66%$1,059,630↑6%$11,915,890↓4%
2014$2,929,446↑212%$996,884↑1%$12,373,249↑9%
2013$938,707↑21%$987,657↑2%$11,327,470↑7%
2012$777,825$971,366$10,542,615

Frequently Asked Questions

What does Providence Athenaeum do?▼

Providence Athenaeum is a education nonprofit organization based in Rhode Island. It is classified under NTEE code B71Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Providence Athenaeum financially healthy?▼

Based on our 9-metric Financial Health Score model, Providence Athenaeum has a score of 72/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Providence Athenaeum generate?▼

Providence Athenaeum reports $2.4M in annual revenue and holds $17.3M in total assets, based on IRS filings.

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