Providence Connects

Analysis

Providence Connects is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in July 1988, 38 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 Connects reported income of $2.7m and spending of $3.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.7m (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Connects sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Niagara Community Action Program Inc ($2.7m), YMCA Camp Ralph S Mason Inc ($2.7m) and National Taxpayers Union Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $86k (2.9% of expenses). Other salaries and wages came to $626k. At year end it held assets of $3.1m against liabilities of $64k, net assets of $3.0m. It reported 22 employees.