The Providence Community Health Centers Inc

Analysis

The Providence Community Health Centers Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 1978, 48 years ago. 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, The Providence Community Health Centers Inc reported income of $122.6m and spending of $103.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $75.5m to $122.6m (+62%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Providence Community Health Centers Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within RI. Charities of a similar size with the same main cause include Adventist Bolingbrook Hospital ($122.5m), Center for Internet Security Inc ($123.0m) and Forum Credit Union ($122.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $3.1m (3.0% of expenses). Other salaries and wages came to $52.9m. At year end it held assets of $156.9m against liabilities of $54.8m, net assets of $102.1m. It reported 832 employees.