Our Lady of Divine Providence House of Prayer Foundation Inc

Analysis

Our Lady of Divine Providence House of Prayer Foundation Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in August 1994, 32 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 June 2023, Our Lady of Divine Providence House of Prayer Foundation Inc reported income of $395k and spending of $532k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $746k to $395k (-47%), an average of -15% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Our Lady of Divine Providence House of Prayer Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Blind Squirrel Charitable Corp ($395k), Branford Community Foundation ($395k) and Odessa Ector Parks Foundation Inc ($395k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 37% of the total. At year end it held assets of $11.2m against liabilities of $100k, net assets of $11.1m.

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.