Providence Heights Fka the Purpose

Analysis

Providence Heights Fka the Purpose is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Providence Heights Fka the Purpose reported income of $402k and spending of $1.9m, spending 471% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.3m to $402k (-69%), an average of -45% a year. The sharpest change came in the year to December 2022, when income rose by 167%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Providence Heights Fka the Purpose sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Oak Ridge Youth Development Corporation ($402k), West Linn Baseball Association ($402k) and Butterfly Effect Project Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $284k (15% of expenses). Other salaries and wages came to $346k. It paid $66k in professional fundraising fees. At year end it held assets of $268k against liabilities of $47k, net assets of $221k. It reported 8 employees.