Providence Resilience Partnership Inc

Analysis

Providence Resilience Partnership Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Providence Resilience Partnership Inc reported income of $273k and spending of $196k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $273k (+180%), an average of +180% a year. The sharpest change came in the year to December 2023, when income rose by 180%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Providence Resilience Partnership Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 56th percentile within RI. Charities of a similar size with the same main cause include Institute for Family-Owned Business ($273k), Yadkin County Economic Development Partnership ($273k) and Ccyp Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $137k (70% of expenses). It paid $8,330 in professional fundraising fees. At year end it held assets of $126k against liabilities of $12k, net assets of $113k. It reported 1 employees.