Providence Community Housing

Analysis

Providence Community Housing is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Community Housing reported income of $2.5m and spending of $2.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.5m (+0.6%), an average of +0.1% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Providence Community Housing sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include Lydias House Inc ($2.5m), Valley Mission Inc ($2.5m) and Partners in Housing Inc a Colorado Non-Profit Corporation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $431k (16% of expenses). Other salaries and wages came to $480k. At year end it held assets of $17.4m against liabilities of $5.4m, net assets of $12.0m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.