Providence Connections Inc

Analysis

Providence Connections Inc is a registered charity in United States, based in Pittsburgh, PA. 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 Connections Inc reported income of $1.7m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $1.7m (-38%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Connections Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Wood Library Association ($1.7m), NW Housing Preservation Group ($1.7m) and Mill Valley Soccer Club Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $93k (5.0% of expenses). Other salaries and wages came to $979k. At year end it held assets of $4.4m against liabilities of $65k, net assets of $4.4m. It reported 34 employees.