Providence Extension Ministries Inc

Analysis

Providence Extension Ministries Inc is a registered charity in United States, based in St Johns, FL. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Providence Extension Ministries Inc reported income of $1.4m and spending of $1.4m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.4m (-32%), an average of -9.0% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Extension Ministries Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Haywood Christian Academy Inc ($1.4m), Redeemer Classical Academy Inc ($1.4m) and Alpha Phi Omega National Service Fraternity ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $1,790, net assets of $1.4m. It reported 135 employees.