Providence Counseling Ministries Inc

Analysis

Providence Counseling Ministries Inc is a registered charity in United States, based in Shepherdstown, WV. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Counseling Ministries Inc reported income of $212k and spending of $236k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $350k to $212k (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Providence Counseling Ministries Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within WV. Charities of a similar size with the same main cause include California Foundation for the Advancement of the Electronic Arts ($212k), Butterfly Financial Education ($212k) and Arms Wide Open Community Development Corporation ($212k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $94k. At year end it held assets of $54k against liabilities of $2,589, net assets of $51k. It reported 1 employees.