Providence Spanish FMC

Analysis

Providence Spanish FMC is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 1958, 68 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Providence Spanish FMC reported income of $88k and spending of $90k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $88k (+6.8%), an average of +6.8% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Spanish FMC sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within RI. Charities of a similar size with the same main cause include Society of Saint Vincent de Paul St Mary Magdalen Conference ($88k), Honor Flight San Antonio ($88k) and The Fuller Center for Housing Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $205k against liabilities of $105k, net assets of $99k.