Providence Place IV Inc

Analysis

Providence Place IV Inc is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Providence Place IV Inc reported income of $185k and spending of $273k, spending 148% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $184k to $185k (+0.5%), an average of +0.1% a year. Over the whole period it spent 136% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Providence Place IV Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include KC Financial MGMT Services Inc ($185k), This Grace of Giving Inc ($185k) and Water & Rails Inc ($185k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $1.2m against liabilities of $2.6m, net assets of -$1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.