Provident Inc

Analysis

Provident Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in June 1957, 69 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Provident Inc reported income of $10.2m and spending of $8.6m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $10.2m (+89%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Provident Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within MO. Charities of a similar size with the same main cause include Cure Childhood Cancer Inc ($10.2m), Health Research and Educational Trust ($10.2m) and Siouxland Mental Health Services ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $434k (5.0% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $9.6m against liabilities of $1.4m, net assets of $8.1m. It reported 177 employees.