Education (B420) IRS Verified DX Registered 990 on File

RANDOLPH-MACON COLLEGE

EIN: 54-0505940 · ASHLAND, VA 23005-5505 · United States · FY 2023 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 83/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

A Randolph-Macon College liberal arts education develops the mind and character of each student.

Financial Overview — FY 2023

$107.7M

Total Revenue

$101.5M

Total Expenses

$334.1M

Net Assets

1278

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 92.2%

Fundraising Efficiency N/A

Operating Reserve 39.49x

Liability-to-Asset 18.0%

Revenue Diversification 74.6%

Executive Compensation $1.4M

Compared with Peers

FY 2023

Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	92.2%	87.4%	P10P90	Top quarter
Admin expense ratio Management and general / total expenses · lower is better	5.5%	10.5%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	2.4%	1.3%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	39.5 mo	20.3 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	18.0%	27.0%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	74.6%	84.6%	P10P90	Above median
Revenue growth Year over year revenue growth	1.2%	-2.0%	P10P90
Expense growth Year over year expense growth	5.1%	5.9%	P10P90
Surplus margin Surplus as a share of revenue	5.7%	1.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$107.7M	$101.5M	$334.1M	92.2%	1278
2022	$106.4M	$96.6M	$319.6M	92.6%	1165
2021	$119.2M	$94.6M	N/A	—	1126

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Organization Details

EIN: 54-0505940
State: VA
City: ASHLAND
ZIP: 23005-5505
Classification: B420
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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