Providence World Ministries Inc

Analysis

Providence World Ministries Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 World Ministries Inc reported income of $154k and spending of $215k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $533k to $154k (-71%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Providence World Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include Trailways Camps Inc ($154k), Society of St Vincent de Paul Diocesan Council of Houma-Thibodau ($154k) and Foundation for Residential and Rehab Services for Offenders Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $104k (49% of expenses). Other salaries and wages came to $32k. At year end it held assets of $36k against liabilities of $0, net assets of $36k. It reported 2 employees.