Providence Marian Company
Analysis
Providence Marian Company is a registered charity in England and Wales, based in Royston. It was registered in January 2010, 16 years ago. Its declared purposes cover general charitable purposes, the prevention or relief of poverty, overseas aid/famine relief and religious activities, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 06873673). It says it provides buildings/facilities/open space, provides services and provides advocacy/advice/information.
In the financial year ending December 2022, Providence Marian Company reported income of £525k and spending of £14.4m, spending 2745% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from £443k to £525k (+18%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 1181% of the income it received.
Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Providence Marian Company sits at the 88th percentile: it is larger than about 88% of them. Against every charity in England and Wales with reported income it ranks in the 90th percentile. Charities of a similar size with the same main cause include Project Luangwa (£524k), The United Charities of Abel Collin (£525k) and People and Planet Student Activities Limited (£524k).
In its latest detailed accounts, income came from investments 87% and donations and legacies 13%. Charitable activities took 99% of spending and raising funds 0.8%. Grants to other organisations totalled £14.1m. Reserves of £870k would cover about 1 months of spending at that rate. It employed 5 people.
Data notes from the register: The regulator lists this charity as in double default: it has missed the deadline for its annual return or accounts in two or more successive years. Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.
Income and spending
Where the income comes from
- Donations 13%
- Investments 87%
- Other 0.0%
In the charity's own words
To support the advancement of the charitable works carried on by the Congregation for the advancement of the Roman Catholic Religion and the well being of those who benefit from the sisters' ministries. By caring for individual sisters, the charity enables and supports the sisters to live out their faith and put that faith into practice through a wide variety of religious and other works.
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Project Luangwa | Solihull | £524k |
| The United Charities of Abel Collin | Nottingham | £525k |
| People and Planet Student Activities Limited | Wantage | £524k |
| Workaid | Chesham | £525k |