RHODE ISLAND COLLEGE FOUNDATION
Mission Statement
The purpose of the Association shall be: 1. to assist the Henry Barnard School administration and staff to provide varied enrichment programs for Henry Barnard School children; 2. to provide educational programs for Henry Barnard School parents; 3. to provide an avenue for communication between parents, teachers, the Henry Barnard School administration and staff and the Rhode Island College administration and staff; 4. to foster communication among parents and teachers concerning the educational and emotional development of the children; 5. to raise funds as deemed necessary by the Executive Board; and 6. to take such actions as are appropriate to support the concepts and philosophy of the Henry Barnard School at Rhode Island College.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.9% | 84.2% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.0% | 12.9% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
228.2% | 60.7% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
161.5 mo | 9.0 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.9% | 21.7% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
71.4% | 89.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
52.3% | 5.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-5.5% | 6.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
38.5% | 3.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $6.5M | $4.0M | $53.9M | 80.9% | 12 |
| 2024 | $4.3M | $4.2M | $47.5M | 72.5% | 10 |
| 2023 | $3.4M | $3.1M | $42.0M | 78.5% | 10 |
| 2022 | $8.4M | $2.1M | $37.7M | 79.2% | 10 |
| 2021 | $6.6M | $3.4M | N/A | — | 13 |
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