Providence Art Club

Analysis

Providence Art Club is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 1962, 64 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Providence Art Club reported income of $1.9m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $2.3m to $1.9m (-20%), an average of -5.5% a year. The sharpest change came in the year to April 2021, when income dropped by 17%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Providence Art Club sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within RI. Charities of a similar size with the same main cause include California Youth Symphony Association ($1.9m), Craterian Performances Company ($1.9m) and Santa Barbara Opera Association ($1.9m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 3.8% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $189k (11% of expenses). Other salaries and wages came to $452k. At year end it held assets of $7.8m against liabilities of $2.6m, net assets of $5.2m. It reported 45 employees.