Providence Self Sufficiency Ministries Inc

Analysis

Providence Self Sufficiency Ministries Inc is a registered charity in United States, based in Georgetown, IN. It received its IRS tax-exemption ruling in August 1995, 31 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 August 2023, Providence Self Sufficiency Ministries Inc reported income of $898k and spending of $998k, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $7.8m to $898k (-88%), an average of -42% a year. The sharpest change came in the year to August 2023, when income dropped by 84%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Providence Self Sufficiency Ministries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Childrens Advocacy Center for Kaufman County ($898k), Gigis House Inc ($898k) and Leeward Charitable Foundation Inc ($898k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $195k (20% of expenses). Other salaries and wages came to $196k. At year end it held assets of $600k against liabilities of $38k, net assets of $562k. It reported 108 employees.