Providence Manor Development Corporation

Analysis

Providence Manor Development Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2012, 14 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 December 2023, Providence Manor Development Corporation reported income of $527k and spending of $599k, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $396k to $527k (+33%), an average of +5.9% a year. The sharpest change came in the year to December 2019, when income rose by 25%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Providence Manor Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Heartland Christain Tower Inc ($527k), Notre Dame Court Inc ($527k) and Dwell ($527k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $155k. At year end it held assets of $3.7m against liabilities of $5.0m, net assets of -$1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.