Providence Corporation

Analysis

Providence Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Providence Corporation reported income of $2.5m and spending of $2.6m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.5m to $2.5m (+65%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Center Helping Obesity in Children End Successfully Inc ($2.5m), Mental Health America of West Central Indiana Inc ($2.5m) and Tower Cancer Research Foundation ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $385k (15% of expenses). Other salaries and wages came to $968k. At year end it held assets of $41k against liabilities of $131k, net assets of -$91k. It reported 55 employees.