Divine Providence Community Home

Analysis

Divine Providence Community Home is a registered charity in United States, based in Sleepy Eye, MN. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Divine Providence Community Home reported income of $7.1m and spending of $5.3m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $7.1m (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Divine Providence Community Home sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include North Central Iowa Mental Health Center Inc ($7.1m), Long Beach Reach Inc ($7.1m) and Catholic Charities of the Roman Catholic Diocese of Paterson ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $92k (1.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $6.2m against liabilities of $1.1m, net assets of $5.1m. It reported 115 employees.