Providence Clemens Housing Corporation

Analysis

Providence Clemens Housing Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Clemens Housing Corporation reported income of $250k and spending of $407k, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $250k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 170% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Clemens Housing Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Washington State Hospice and Palliative Care Organization ($250k), Local 4 Music Fund Inc ($250k) and Lyme Nursery School Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $857k against liabilities of $2.5m, net assets of -$1.7m.

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.