Provider Resources Inc

Analysis

Provider Resources Inc is a registered charity in United States, based in Methuen, MA. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover food, agriculture and nutrition, 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 September 2023, Provider Resources Inc reported income of $6.6m and spending of $6.5m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.4m to $6.6m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to September 2020, when income dropped by 36%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Provider Resources Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include East Bay Service to the Development Disabled ($6.6m), Kendal at Home ($6.6m) and Waypoint Services for Women Children and Families ($6.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $30k (0.5% of expenses). Other salaries and wages came to $535k. At year end it held assets of $1.2m against liabilities of $754k, net assets of $416k. It reported 28 employees.