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The Preservation Society of Newport County
The Preservation Society of Newport County reported $44.0 million in revenue and $31.7 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $82.10 went to program services, $12.04 to management and general costs and $5.86 to fundraising. Its largest source of revenue was contributions and grants: 43.4% of the total. The highest compensation it reported for one person was $576,229 (CEO & EXEC. DIR.). 18 people received more than $100,000 in reportable compensation. Revenue rose 72% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $32MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $44MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.1% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.0% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.9% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 43.4% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 38.1% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $576,229 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.82% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 18 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 36.0 | 36.6 |
| Independent voting board members Part VI 1a–1b | 26 of 26 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Preservation Society of Newport country preserves eleven historic mansions, including seven national historic landmarks and eighty acres of parks, gardens and grounds, representing more than 250 years of social and architectural history. During the year, visitors took regularly-scheduled tours of the society's properties to learn about the buildings and the men and women who gave rise to these special places. In addition to general tours, the Preservation Society offers many learning opportunities, designed to present its houses and collections to a broad and diverse audience in as many…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO & EXEC. DIR. Officer, 60.00 hrs/week | $555,957 | $0 | $20,272 | $576,229 |
| OUTGOING DIRECTOR OF FINANCE Officer, 50.00 hrs/week | $259,976 | $0 | $7,807 | $267,783 |
| DIRECTOR OF PROPERTIES Highest compensated employee, 50.00 hrs/week | $174,966 | $0 | $28,778 | $203,744 |
| CHIEF OF STAFF Highest compensated employee, 50.00 hrs/week | $191,755 | $0 | $5,764 | $197,519 |
| DIR OF MUS. AFF & CHIEF CURATOR Highest compensated employee, 50.00 hrs/week | $165,611 | $0 | $28,741 | $194,352 |
| DIR OF MARKETING Highest compensated employee, 50.00 hrs/week | $174,846 | $0 | $5,245 | $180,091 |
| DIR. OF SPECIAL EVENTS Highest compensated employee, 50.00 hrs/week | $163,397 | $0 | $4,907 | $168,304 |
18 people received more than $100,000 in reportable compensation from The Preservation Society of Newport County (Part VII, line 2). Compensation of current officers, directors and key employees totaled $878K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b26 · 26 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5300
- Volunteers Part I, line 6658
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| KIRBY CONSTRUCTION Construction | $1,966,303 |
| NAIL COMMUNICATIONS Advertising | $968,540 |
| GRANDE MASONRY Construction | $711,214 |
| NEWPORT WINDOW RESTORATION Construction | $583,910 |
Individuals listed as contractors are left out. 40 contractors were paid more than $100,000 in all.
Private foundation grants it received
48 private foundations reported grants to The Preservation Society of Newport County totaling $1.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Preservation Society of Newport County's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Preservation Society of Newport County, you can publish a response that is linked from this page.
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Of every $100 The Preservation Society of Newport County spent in FY2025, $82.10 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Museum of Chinese in AmericaNew York, NY · revenue $43M · programs 62.2% · 2024
- Center Theatre Group of Los AngelesLos Angeles, CA · revenue $44M · programs 82.5% · FY2025
- Music Associates of AspenAspen, CO · revenue $43M · programs 78.7% · FY2025
- The Smith Center for the Performing ArtsLas Vegas, NV · revenue $45M · programs 82.3% · FY2025
- National Medal of Honor Museum FoundationArlington, TX · revenue $43M · programs 28.8% · 2024
All arts, culture & humanities charities · Largest charities in Rhode Island
Questions people ask
How much of The Preservation Society of Newport County's spending goes to programs?
In the fiscal year ending March 31, 2025, The Preservation Society of Newport County reported that 82.1% of its $31.7 million in expenses went to program services, 12.0% to management and general and 5.9% to fundraising (Form 990, Part IX).
How much does The Preservation Society of Newport County pay its top executive?
The largest total compensation The Preservation Society of Newport County reported for one person in the fiscal year ending March 31, 2025 was $576,229, for the role of CEO & EXEC. DIR. (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Preservation Society of Newport County get its money?
Of $44.0 million in revenue in the fiscal year ending March 31, 2025, 43.4% came from contributions and grants and 38.1% from program service revenue (Form 990, Part VIII).
Is The Preservation Society of Newport County a registered charity?
The IRS lists EIN 05-0252708 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending March 31, 2025, object 202620479349300767 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202510379349300601 · read the filing
- FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202420469349300322 · read the filing
- FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202330449349301453 · read the filing
- FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202200459349301245 · read the filing
- FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202100369349301230 · read the filing
All filings for EIN 05-0252708: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.