Provision Ministry Inc

Analysis

Provision Ministry Inc is a registered charity in United States, based in Westborough, MA. It received its IRS tax-exemption ruling in August 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 Ministry Inc reported income of $41.0m and spending of $40.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $41.0m (+3935%), an average of +152% a year. The sharpest change came in the year to December 2020, when income rose by 426%. Over the whole period it spent 98% 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 Ministry Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include The Jewish Federation of Greater Washington Inc ($41.0m), Inland Empire Community Foundation ($41.1m) and Global Charitable Fund ($40.9m).

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 $85k (0.2% of expenses). Other salaries and wages came to $77k. At year end it held assets of $1.2m against liabilities of $6,045, net assets of $1.2m. It reported 3 employees.