Providence University College and Theological Seminary

Analysis

Providence University College and Theological Seminary is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in June 2022, 4 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).

In the financial year ending April 2023, Providence University College and Theological Seminary reported income of $7.0m and spending of $8.5m, spending 122% of what it took in. Across the 2 years on record, from April 2022 to April 2023, income fell from $7.7m to $7.0m (-9.0%), an average of -9.0% a year. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence University College and Theological Seminary sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile. Charities of a similar size with the same main cause include Joshua Inc ($7.0m), Barr Center ($7.0m) and University of Wisconsin Oshkosh Foundation Inc ($7.0m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 34% and program service revenue 58% of the total. At year end it held assets of $13.8m against liabilities of $5.5m, net assets of $8.3m.