Providence Southwest Washington Foundation

Analysis

Providence Southwest Washington Foundation is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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, Providence Southwest Washington Foundation reported income of $5.1m and spending of $7.1m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $5.1m (+1.8%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Southwest Washington Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include High Hopes Inc ($5.1m), Donatestock Charitable Inc ($5.1m) and Genesee Area Focus Fund Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $539k. At year end it held assets of $43.5m against liabilities of $605k, net assets of $42.9m.