Providence School

Analysis

Providence School is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Providence School reported income of $9.2m and spending of $7.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $9.2m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence School sits at the 93rd percentile: it is larger than about 93% 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 Manna Worldwide Inc ($9.2m), Princeton Montessori Society ($9.2m) and Pazlo Education Foundation ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $290k (3.6% of expenses). Other salaries and wages came to $3.4m. It paid $52k in professional fundraising fees. At year end it held assets of $11.9m against liabilities of $7.9m, net assets of $4.0m. It reported 106 employees.