Community Action Partnership of Providence

Analysis

Community Action Partnership of Providence is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 September 2023, Community Action Partnership of Providence reported income of $8.8m and spending of $9.3m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.9m to $8.8m (-1.6%), an average of -0.4% a year. The sharpest change came in the year to September 2021, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Action Partnership of Providence sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within RI. Charities of a similar size with the same main cause include Mayors Youth Empowerment Program ($8.8m), Hawaii Community Lending ($8.8m) and Ben Franklin Technology Center of Southeastern Pennsylvania ($8.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $608k (6.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.8m against liabilities of $1.5m, net assets of $1.3m. It reported 205 employees.