Providence House

Analysis

Providence House is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in May 1992, 34 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 House reported income of $2.3m and spending of $2.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.3m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Providence House sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Womens Audio Mission ($2.3m), Johnstown Industrial Development Corporation ($2.3m) and Outreach Community Care Network Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $136k (6.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.0m against liabilities of $248k, net assets of $3.7m. It reported 53 employees.