Divine Providence Apartments Inc

Analysis

Divine Providence Apartments Inc is a registered charity in United States, based in Eunice, LA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Divine Providence Apartments Inc reported income of $176k and spending of $201k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $114k to $176k (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Divine Providence Apartments Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within LA. Charities of a similar size with the same main cause include Western Developments for Affordable Housing Inc ($176k), Gering Elderly Housing Corporation ($176k) and Pacer Inc ($176k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $16k. At year end it held assets of $879k against liabilities of $24k, net assets of $855k.

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.