Provide Inc

Analysis

Provide Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Provide Inc reported income of $3.3m and spending of $2.4m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $3.3m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 100% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Provide Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include American Civil Liberties Union of Ohio Foundation Inc ($3.3m), Legal Aid Society of Rockland County Inc ($3.3m) and Pinellas Ex Offender Re Entry Coalition Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $233k (9.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.3m against liabilities of $111k, net assets of $3.1m. It reported 16 employees.