Provident Church Ministries Inc

Analysis

Provident Church Ministries Inc is a registered charity in United States, based in Tifton, GA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Provident Church Ministries Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-7.8%), an average of -2.0% a year. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Provident Church Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Preferred Properties Inc ($1.2m), Kensington Corridor Trust ($1.2m) and Atu Training and Education Center Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $35k (3.0% of expenses). Other salaries and wages came to $160k. At year end it held assets of $15.0m against liabilities of $15.1m, net assets of -$53k. It reported 4 employees.

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.