Providence Housing Corporation

Analysis

Providence Housing Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 1964, 62 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Providence Housing Corporation reported income of $3.7m and spending of $3.7m, spending 100% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $3.0m to $3.7m (+22%), an average of +5.1% a year. The sharpest change came in the year to July 2023, when income rose by 24%. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Providence Housing Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include The Wellhouse ($3.7m), Calvary Community Inc III ($3.7m) and Habitat for Humanity International Inc ($3.7m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $30.7m against liabilities of $32.0m, net assets of -$1.3m.