TCK Providence Inc

Analysis

TCK Providence Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover employment, 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 June 2023, TCK Providence Inc reported income of $3.5m and spending of $5.1m, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $3.5m (+5.1%), an average of +1.3% a year. The sharpest change came in the year to June 2020, when income rose by 52%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, TCK Providence Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Teenworks Inc ($3.5m), Fox Valley Workforce Development Board Inc ($3.5m) and Stanislaus Equity Partners Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $2.2m against liabilities of $341k, net assets of $1.8m. It reported 85 employees.