The Provision Group Inc

Analysis

The Provision Group Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in March 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 December 2023, The Provision Group Inc reported income of $5.1m and spending of $5.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $633k to $5.1m (+701%), an average of +68% a year. The sharpest change came in the year to December 2020, when income rose by 147%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Provision Group Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include 21st Century Ministries Inc ($5.1m), Christian School Association of York Inc ($5.1m) and Holy Angels Foundation Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $170k (3.3% of expenses). Other salaries and wages came to $174k. At year end it held assets of $657k against liabilities of $12k, net assets of $645k. It reported 8 employees.

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.