Providence Corporation

Analysis

Providence Corporation is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Providence Corporation reported income of $866k and spending of $712k, spending 82% of its income. Across the 4 years on record, from July 2021 to July 2024, income grew from $782k to $866k (+11%), an average of +3.5% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Providence Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Weatherization Inc ($866k), Senior Affordable Housing Corp No 3 ($867k) and Branch15 Inc ($866k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $135k. At year end it held assets of $2.7m against liabilities of $1.5m, net assets of $1.1m.