Education
(B420)
IRS Verified
DX Registered
990 on File
RHODES COLLEGE
Financial strength (30%)
91/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
Rhodes welcomes applications for admission from all persons and does not discriminate on the basis of gender, race, color, age, religion, disability, sexual orientation, or national and ethnic origin in its admissions policies, loan programs, or other college educational programs, policies and activities. In compliance with section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, Rhodes will make every reasonable effort to accommodate the needs of its students with disabilities.
Financial Overview — FY 2024
$187.6M
Total Revenue
$165.9M
Total Expenses
$547.7M
Net Assets
1683
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
91.8%
Fundraising Efficiency
N/A
Operating Reserve
39.61x
Liability-to-Asset
16.6%
Revenue Diversification
68.8%
Executive Compensation
$3.3M
Compared with Peers
FY 2024
Compared with 263 similar organizations
(United States, Education, $100M and over in expenses), FY 2024.
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
|
91.8% | 87.2% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.3% | 10.8% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.9% | 1.3% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
39.6 mo | 18.4 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
16.6% | 27.3% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
68.8% | 86.1% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
13.4% | 6.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.2% | 6.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
11.5% | 1.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $187.6M | $165.9M | $547.7M | 91.8% | 1683 |
| 2023 | $165.4M | $157.8M | $528.6M | 92.1% | 1621 |
| 2022 | $109.4M | $156.4M | $521.0M | 91.0% | 1620 |
| 2021 | $221.6M | $136.5M | N/A | — | 1505 |
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