University of Providence

Analysis

University of Providence is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, University of Providence reported income of $29.5m and spending of $30.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.4m to $29.5m (+7.7%), an average of +1.9% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Providence sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MT. Charities of a similar size with the same main cause include Laguna College of Art and Design ($29.5m), Hamden Hall School Inc ($29.5m) and Canterbury School Inc ($29.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $1.1m (3.5% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $50.6m against liabilities of $3.6m, net assets of $47.0m. It reported 395 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.