Provident Charities Inc

Analysis

Provident Charities Inc is a registered charity in United States, based in Iselin, NJ. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Provident Charities Inc reported income of $406k and spending of $397k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $406k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Provident Charities Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Imagine Awards ($406k), Brigance Brigade Foundation Inc ($406k) and Roy Maas Youth Alternatives Foundation ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $289k against liabilities of $263k, net assets of $25k.