Providers Choice Inc

Analysis

Providers Choice Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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 September 2023, Providers Choice Inc reported income of $28.2m and spending of $28.1m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.1m to $28.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providers Choice Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Apple Tree Dental ($28.2m), J Arthur Trudeau Memorial Center ($28.2m) and Peter Becker Community ($28.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $289k (1.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.1m against liabilities of $2.4m, net assets of $699k. It reported 41 employees.