Providence Place Housing Corporation

Analysis

Providence Place Housing Corporation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Providence Place Housing Corporation reported income of $255k and spending of $324k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $244k to $255k (+4.4%), an average of +1.1% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Providence Place Housing Corporation 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 59th percentile, and in the 57th percentile within UT. Charities of a similar size with the same main cause include Sli Warren House Inc ($255k), Venture Care Housing Development Fund Co Inc ($255k) and A Lotta Love Inc ($255k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $2.0m, net assets of -$777k.

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.