Providence Youth Student Movement

Analysis

Providence Youth Student Movement is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Youth Student Movement reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $608k to $1.2m (+91%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 116%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Providence Youth Student Movement sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within RI. Charities of a similar size with the same main cause include Illinois Foundation Future Farmers of America Inc ($1.2m), Friends for Youth Inc ($1.2m) and Downtown Ministries Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $86k (8.3% of expenses). Other salaries and wages came to $450k. At year end it held assets of $509k against liabilities of $55k, net assets of $454k. It reported 14 employees.