Providence Foundation of San Francisco

Analysis

Providence Foundation of San Francisco is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Foundation of San Francisco reported income of $9.5m and spending of $9.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $9.5m (+211%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Providence Foundation of San Francisco sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Urban Alliance Foundation Inc ($9.5m), Greater Auburn Gresham Development Corporation ($9.5m) and Pittsburgh Downtown Partnership ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $3.7m against liabilities of $333k, net assets of $3.4m. It reported 195 employees.