Providence International Enterprises

Analysis

Providence International Enterprises is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 International Enterprises reported income of $1.6m and spending of $1.7m, spending 107% of what it took in. Across the 6 years on record, from December 2017 to December 2023, income grew from $627k to $1.6m (+158%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 135%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Providence International Enterprises sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Barberton Community Development Corporation ($1.6m), Workforce Development Board of FLTN Montgomery & Schoharie Cnties Inc ($1.6m) and Downtown Dayton Special Improvement District Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.4% of the total. Other salaries and wages came to $63k. At year end it held assets of $2.2m against liabilities of $865k, net assets of $1.3m. It reported 6 employees.