Providence Housing Corporation

Analysis

Providence Housing Corporation is a registered charity in United States, based in W Terre Haute, IN. It received its IRS tax-exemption ruling in November 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 (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 Housing Corporation reported income of $400k and spending of $688k, spending 172% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $349k to $400k (+15%), an average of +3.5% a year. The sharpest change came in the year to August 2021, when income rose by 398%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Providence Housing Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include 1378 College Avenue Housing Development Fund Corporation ($400k), Habitat for Humanity International Inc ($400k) and Cecilian Housing Corporation ($400k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $128k. At year end it held assets of $4.6m against liabilities of $114k, net assets of $4.5m. It reported 4 employees.