Providence Student Union

Analysis

Providence Student Union is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Providence Student Union reported income of $575k and spending of $442k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $219k to $575k (+163%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Student Union sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within RI. Charities of a similar size with the same main cause include The Library Foundation of Martin County Inc ($575k), Faith Mennonite High School ($575k) and Missouri Colleges Fund Inc ($575k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $270k. At year end it held assets of $728k against liabilities of $213k, net assets of $515k. It reported 24 employees.