Providence St Mel School

Analysis

Providence St Mel School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1979, 47 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Providence St Mel School reported income of $9.9m and spending of $5.8m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.4m to $9.9m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence St Mel School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include St Anns Home Inc ($9.9m), Young Womens Christian Assoc of Kalamazoo ($9.9m) and Southland Integrated Services Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $467k (8.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $103.2m against liabilities of $1.1m, net assets of $102.0m. It reported 71 employees.