Provident Group - Bison Properties Inc

Analysis

Provident Group - Bison Properties Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Group - Bison Properties Inc reported income of $3.2m and spending of $7.3m, spending 225% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $990k to $3.2m (+226%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 240%. Over the whole period it spent 207% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Provident Group - Bison Properties Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include East Preparatory Academy ($3.2m), Siouxland Community Christian School Inc ($3.2m) and Arizona Tuition Organization Inc ($3.2m).

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 $350k. At year end it held assets of $267.5m against liabilities of $309.0m, net assets of -$41.5m.

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.