Providence Senior Housing Corporation

Analysis

Providence Senior Housing Corporation is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in February 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Providence Senior Housing Corporation reported income of $834k and spending of $1.1m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $700k to $834k (+19%), an average of +4.5% a year. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Providence Senior Housing Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Edgewood Village Inc ($834k), DC USA Inc ($835k) and Repairers of the Breach Inc ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $135k. At year end it held assets of $10.7m against liabilities of $15.9m, net assets of -$5.2m.

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.