Providence Tourism Fund

Analysis

Providence Tourism Fund is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Tourism Fund reported income of $132k and spending of $204k, spending 155% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $348k to $132k (-62%), an average of -62% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Tourism Fund sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within RI. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents & Teachers ($132k), Little League Baseball Inc ($132k) and Old School Square Center for the Arts Inc ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.