Providence Senior Living Inc

Analysis

Providence Senior Living Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Providence Senior Living Inc reported income of $4.7m and spending of $5.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Providence Senior Living Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Hadc Ridgeway ($4.7m), Affordable Community Housing Trust ($4.7m) and Bridgeport Neighborhood Trust Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $6.8m against liabilities of $7.3m, net assets of -$486k. It reported 167 employees.