Centro Providencia Servicios Sociales Catolicos

Analysis

Centro Providencia Servicios Sociales Catolicos is a registered charity in United States, based in Loiza, PR. It received its IRS tax-exemption ruling in December 2015, 11 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 June 2023, Centro Providencia Servicios Sociales Catolicos reported income of $158k and spending of $191k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $312k to $158k (-49%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. 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, Centro Providencia Servicios Sociales Catolicos sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 33rd percentile within PR. Charities of a similar size with the same main cause include Jackson Community Food Pantry ($158k), All Babies Cherished Inc ($158k) and Broad Street Ministry Center Inc ($158k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $90k against liabilities of $84k, net assets of $6,463.

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.