Providence Center

Analysis

Providence Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Providence Center reported income of $602k and spending of $537k, spending 89% of its income. Across the 5 years on record, from August 2019 to June 2023, income grew from $552k to $602k (+9.1%), an average of +2.2% a year. The sharpest change came in the year to August 2021, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Center 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 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Maker Bhavan Foundation ($602k), Construction Education Center Inc ($602k) and Ellen Macarthur Foundation USA Inc ($602k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 0.2% of the total. Other salaries and wages came to $314k. At year end it held assets of $2.3m against liabilities of $59k, net assets of $2.3m. It reported 16 employees.