Master Provisions Inc

Analysis

Master Provisions Inc is a registered charity in United States, based in Independence, KY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 December 2023, Master Provisions Inc reported income of $10.1m and spending of $5.6m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $10.1m (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Master Provisions Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Emory Egleston CDC Employees Child Care Center Inc ($10.1m), Northwest Childrens Home Inc ($10.1m) and Oak Hill Academy ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $89k (1.6% of expenses). Other salaries and wages came to $668k. At year end it held assets of $7.3m against liabilities of $212k, net assets of $7.0m. It reported 23 employees.