Provident Commonwealth Education Resources

Analysis

Provident Commonwealth Education Resources is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Provident Commonwealth Education Resources reported income of $12.6m and spending of $15.0m, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $10.8m to $12.6m (+16%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Provident Commonwealth Education Resources sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Peace Village ($12.5m), Affordable Housing Alliance Inc ($12.6m) and Jewish Home Life Communities Inc ($12.5m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 98% of the total. Other salaries and wages came to $211k. At year end it held assets of $138.0m against liabilities of $160.3m, net assets of -$22.3m.

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.