Providence Mission Homes Inc

Analysis

Providence Mission Homes Inc is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in June 1973, 53 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 (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 2024, Providence Mission Homes Inc reported income of $102k and spending of $58k, leaving 43% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $34k to $102k (+199%), an average of +32% a year. The sharpest change came in the year to June 2023, when income dropped by 611%. Over the whole period it spent 276% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Providence Mission Homes Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Easter Seals-Central Texas Inc ($102k), Warrior Homesteads Inc ($102k) and Champion Place Inc ($102k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.6% of the total. Other salaries and wages came to $31k. At year end it held assets of $2.3m against liabilities of $9,950, net assets of $2.2m. It reported 5 employees.