Providence Building Sanitary and Educational Association

Analysis

Providence Building Sanitary and Educational Association is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1934, 92 years ago. 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 December 2023, Providence Building Sanitary and Educational Association reported income of $5.8m and spending of $4.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $5.8m (+34%), an average of +7.5% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Building Sanitary and Educational Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within RI. Charities of a similar size with the same main cause include Baptist Missions to Forgotten Peoples ($5.8m), Colorado Library Consortium ($5.8m) and Mountainlands Community Housing ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Other salaries and wages came to $525k. At year end it held assets of $19.4m against liabilities of $17.5m, net assets of $1.9m.