Providence House

Analysis

Providence House is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Providence House reported income of $626k and spending of $303k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $364k to $626k (+72%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Providence House sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Friends of Seamens Society ($626k), Salem Mennonite Home for the Aged ($626k) and Independent Choices Inc ($626k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 70% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $62k (21% of expenses). Other salaries and wages came to $20k. At year end it held assets of $2.3m against liabilities of $540k, net assets of $1.8m. It reported 2 employees.