Providence Mount St Vincent Foundation

Analysis

Providence Mount St Vincent Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1982, 44 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 Mount St Vincent Foundation reported income of $2.0m and spending of $1.4m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Mount St Vincent Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Malama Na Makua a Keiki ($2.0m), The Fulton County Young Mens Christian Association Inc ($2.0m) and Marian Plaza Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $4.5m against liabilities of $55k, net assets of $4.5m.