Provision Trust Inc

Analysis

Provision Trust Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Provision Trust Inc reported income of $732k and spending of $7,160, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $732k (-62%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Provision Trust Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Cardinal Properties Inc ($731k), Rotary Club of San Diego Foundation Inc ($732k) and United Way of Coastal Carolina Inc ($731k).

At year end it held assets of $13.7m against liabilities of $8.7m, net assets of $4.9m.