Quick charity verification for Providence House Inc (EIN: 112594653)
Verdict: Providence House Inc appears trustworthy
90/100Mission Score
$14.6MRevenue
$19.7MAssets
1Red Flags
4Strengths
Red Flags
Increase in liabilities to $5.1 million in 2023, which warrants monitoring relative to asset growth.
Strengths
Exceptional revenue growth from $4.6M in 2014 to $16.5M in 2023.
Consistent asset accumulation, reaching $18.9M in 2023.
Zero reported officer compensation across all filings, indicating high transparency and mission focus.
Positive net income in recent years, demonstrating financial sustainability (e.g., $2.8M in 2023).
Spending Breakdown
How Providence House Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 House Inc
Is Providence House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Providence House Inc (EIN: 112594653) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Providence House Inc a good charity to donate to?
Providence House Inc has a Mission Score of 90/100. Revenue: $14.6M. Assets: $19.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Providence House Inc?
The Employer Identification Number (EIN) for Providence House Inc is 112594653. 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 House Inc spend its money?
Providence House Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Providence House Inc's tax-exempt status?
You can verify Providence House Inc's tax-exempt status using EIN 112594653 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 House Inc. demonstrates a strong and consistent financial trajectory, with revenue growing significantly from $4.6 million in 2014 to over $16.5 million in 2023. This growth is accompanied by a healthy accumulation of assets, increasing from $8.7 million to $18.9 million over the same period, indicating sound financial management and capacity building. The organization consistently reports zero officer compensation, which is a notable indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.
Spending efficiency appears robust, as evidenced by the positive net income in most recent years (e.g., $2.8 million in 2023 and $928,667 in 2022). While specific program spending ratios are not detailed in the provided data, the consistent growth in revenue and assets, coupled with the absence of officer compensation, suggests a focus on mission-related activities. The organization's liabilities have also seen an increase, particularly in 2023 to $5.1 million, which warrants monitoring but is not immediately concerning given the substantial asset base.
Overall, Providence House Inc. exhibits strong financial health and a high degree of transparency regarding executive compensation. The consistent growth and asset accumulation position it well to continue its mission. Further detailed analysis of program vs. administrative spending would provide a more granular view of efficiency, but the available data points to a well-managed and financially stable nonprofit.