Providence Veterans Farm

Analysis

Providence Veterans Farm is a registered charity in United States, based in Concord, VA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Providence Veterans Farm reported income of $67k and spending of $117k, spending 175% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $127k to $67k (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 125% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Providence Veterans Farm sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Triagecare Ministry ($67k), Western North Carolina Lutheran Via de Cristo Inc ($67k) and Oakland County Latin Mass Association ($67k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 14% and program service revenue 35% of the total. Other salaries and wages came to $5,007. At year end it held assets of $722k against liabilities of $722k, net assets of $0. It reported 1 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.