Providence Little Company of Mary Foundation

Analysis

Providence Little Company of Mary Foundation is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Providence Little Company of Mary Foundation reported income of $24.6m and spending of $17.4m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.9m to $24.6m (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Providence Little Company of Mary Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Strivetogether Inc ($24.6m), Cal State Fullerton Philanthropic Foundation ($24.9m) and Focusing Philanthropy Inc ($24.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $124.0m against liabilities of $1.1m, net assets of $122.9m.