Provident Housing Solutions Inc

Analysis

Provident Housing Solutions Inc is a registered charity in United States, based in Apopka, FL. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Provident Housing Solutions Inc reported income of $432k and spending of $102k, leaving 76% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $31k to $432k (+1293%), an average of +141% a year. The sharpest change came in the year to December 2021, when income rose by 3406%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Provident Housing Solutions Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Divine Shakti Foundation ($432k), Independence Unlimited Inc ($432k) and Loose Senior Citizens Center Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 5.3% of the total. At year end it held assets of $794k against liabilities of $942k, net assets of -$148k.