Providence Educational Foundation

Analysis

Providence Educational Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 July 2024, Providence Educational Foundation reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $1.5m to $1.6m (+12%), an average of +2.8% a year. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Providence Educational Foundation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within LA. Charities of a similar size with the same main cause include Orange County Islamic Foundation ($1.6m), Good Life Ministries ($1.6m) and Coastlands Ministries ($1.6m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 31% and program service revenue 48% of the total. At year end it held assets of $8.7m against liabilities of $878k, net assets of $7.9m.