Providence Singers Inc

Analysis

Providence Singers Inc is a registered charity in United States, based in E Providence, RI. It received its IRS tax-exemption ruling in April 1974, 52 years ago. 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 June 2024, Providence Singers Inc reported income of $277k and spending of $229k, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $347k to $277k (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2023, when income rose by 114%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Singers Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 56th percentile within RI. Charities of a similar size with the same main cause include Marshall Symphony Society ($277k), D & H Canal Historical Society Inc ($277k) and Yankton Area Riverboat Days Inc ($277k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $112k (49% of expenses). Other salaries and wages came to $5,630. At year end it held assets of $715k against liabilities of $273, net assets of $715k. It reported 6 employees.