Provident Commonwealth Education Resources II

Analysis

Provident Commonwealth Education Resources II is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Provident Commonwealth Education Resources II reported income of $10.0m and spending of $14.5m, spending 146% of what it took in. The sharpest change came in the year to December 2021, when income rose by 356%. Over the whole period it spent 187% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Provident Commonwealth Education Resources II sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Silver Maples of Chelsea ($10.0m), Burbank Housing Corporation ($10.0m) and Mercy Housing South East ($10.0m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 97% of the total. Other salaries and wages came to $169k. At year end it held assets of $149.7m against liabilities of $165.1m, net assets of -$15.4m.

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.