Providence Home

Analysis

Providence Home is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 1966, 60 years ago. 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 Home reported income of $649k and spending of $763k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $649k (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Home sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Brookline School Staff Childrens CE Nter Inc Lincoln Primary School ($649k), Socratus Collective Wisdom Corporation ($649k) and Fountain House Group Home ($649k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 23% of the total. At year end it held assets of $4.1m against liabilities of $87k, net assets of $4.1m. It reported 20 employees.