Quick charity verification for Providence Charitable Foundation Inc (EIN: 134037405)
Verdict: Providence Charitable Foundation Inc appears trustworthy
70/100Mission Score
$5.6MRevenue
$5.4MAssets
2Red Flags
3Strengths
Red Flags
Significant revenue and expense volatility year-over-year, making financial planning and sustainability uncertain.
Substantial deficit in 2023, with expenses ($2,857,271) far exceeding revenue ($143,528), indicating potential financial strain or a major one-time event.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds without high executive salaries.
Long-term growth in assets, from $3,559,228 in 2011 to $5,020,516 in 2023, suggesting some financial resilience.
Low liabilities reported across most years, indicating a healthy balance sheet in terms of debt.
Spending Breakdown
How Providence Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Providence Charitable Foundation Inc
Is Providence Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Providence Charitable Foundation Inc (EIN: 134037405) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Providence Charitable Foundation Inc a good charity to donate to?
Providence Charitable Foundation Inc has a Mission Score of 70/100. Revenue: $5.6M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Providence Charitable Foundation Inc?
The Employer Identification Number (EIN) for Providence Charitable Foundation Inc is 134037405. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Providence Charitable Foundation Inc spend its money?
Providence Charitable Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Providence Charitable Foundation Inc's tax-exempt status?
You can verify Providence Charitable Foundation Inc's tax-exempt status using EIN 134037405 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Providence Charitable Foundation Inc exhibits inconsistent financial performance over the past decade, with significant fluctuations in both revenue and expenses. For instance, in 2023, the organization reported revenue of $143,528 against expenses of $2,857,271, indicating a substantial deficit. This contrasts sharply with 2022, where revenue was $3,751,659 and expenses were $3,592,041, showing a more balanced financial year. The organization consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay. However, the wide swings in financial activity, particularly the large deficit in 2023, warrant closer examination to understand the underlying causes and the sustainability of its operations. The organization's assets have generally grown over the long term, from $3,559,228 in 2011 to $5,020,516 in 2023, suggesting some financial stability despite annual volatility.