Provision Lab Inc

Analysis

Provision Lab Inc is a registered charity in United States, based in Monee, IL. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Provision Lab Inc reported income of $58k and spending of $102k, spending 175% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $58k (-56%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Provision Lab Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include The New Mexico 4-H Youth Development Foundation ($58k), Temple Emanuel Rabbi Warren G Stone Rabbinic Endowment Fund Inc ($58k) and Podhurst Family Supporting Foundation Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $1,597, net assets of $41k.