Providence Residential Community Corporation

Analysis

Providence Residential Community Corporation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Providence Residential Community Corporation reported income of $1.6m and spending of $1.3m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.6m (+13%), an average of +3.2% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Providence Residential Community Corporation 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 84th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Hale Mahaolu Home Pumehana II Inc ($1.6m), Merit Housing Incorporated ($1.6m) and Peninsula Rescue Mission Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $128k. At year end it held assets of $8.1m against liabilities of $4.5m, net assets of $3.6m.