Saint Provision CDC

Analysis

Saint Provision CDC is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Saint Provision CDC reported income of $530k and spending of $531k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $420k to $530k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saint Provision CDC sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Eb Charitable Foundation Inc ($530k), Billerica Community Pantry Inc ($530k) and Bob Perks Cancer Assistance Fund ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $157k. At year end it held assets of $72k against liabilities of $94k, net assets of -$22k. It reported 18 employees.