Our Lady Of Providence Vt Inc
Our Lady Of Providence Vt Inc maintains stable finances with no executive compensation, despite a recent operating deficit.
EIN: 202710435 · Winooski, VT · NTEE: L22 · Updated: 2026-03-28
Is Our Lady Of Providence Vt Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Our Lady Of Providence Vt Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Our Lady Of Providence Vt Inc
Our Lady Of Providence Vt Inc (EIN: 202710435) is a nonprofit organization based in Winooski, VT, classified under NTEE code L22. The organization reported total revenue of $4.5M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Our Lady Of Providence Vt Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Our Lady Of Providence Vt Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Our Lady Of Providence Vt Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size (latest revenue $3,207,684) and suggests a volunteer-led or externally compensated leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Our Lady Of Providence Vt Inc's IRS 990 filings:
- Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by $147,656.
Strengths
The following positive indicators were identified for Our Lady Of Providence Vt Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency in resource allocation.
- Long-term growth in assets, from $813,473 in 2014 to $1,512,162 in 2023.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating strong transparency.
- Revenues generally exceeding expenses in most years, indicating a stable financial model.
Frequently Asked Questions about Our Lady Of Providence Vt Inc
Is Our Lady Of Providence Vt Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Our Lady Of Providence Vt Inc (EIN: 202710435) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Our Lady Of Providence Vt Inc spend its money?
Our Lady Of Providence Vt Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Our Lady Of Providence Vt Inc tax-deductible?
Our Lady Of Providence Vt Inc is registered as a tax-exempt nonprofit (EIN: 202710435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Our Lady Of Providence Vt Inc a good charity?
Based on the available data, Our Lady Of Providence Vt Inc appears to be a very good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission, and it maintains a stable financial history with growing assets over the long term.
How does Our Lady Of Providence Vt Inc manage its executive compensation?
Our Lady Of Providence Vt Inc reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its officers. This is a significant strength in terms of resource allocation.
What is the financial trend of Our Lady Of Providence Vt Inc's assets?
The organization's assets have generally increased over the past decade, from $813,473 in 2014 to $1,512,162 in 2023, indicating growth in its financial base, although there was a slight decrease from $1,628,115 in 2022 to $1,512,162 in 2023.
Did Our Lady Of Providence Vt Inc operate at a surplus or deficit in its most recent fiscal year?
In its most recent fiscal year (2023), Our Lady Of Providence Vt Inc operated at a deficit, with expenses of $3,355,340 exceeding revenue of $3,207,684.
Filing History
IRS 990 filing history for Our Lady Of Providence Vt Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Our Lady Of Providence Vt Inc's revenue has grown by 38.6%, moving from $2.3M to $3.2M. Total assets increased by 481% over the same period, from $260K to $1.5M. Total functional expenses rose by 61%, from $2.1M to $3.4M. In its most recent filing year (2023), Our Lady Of Providence Vt Inc reported a deficit of $148K, with expenses exceeding revenue. The organization holds $173K in liabilities against $1.5M in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.4M | $1.5M | $173K | — | View 990 |
| 2022 | $3.1M | $2.8M | $1.6M | $141K | — | View 990 |
| 2021 | $2.3M | $2.4M | $1.3M | $139K | — | — |
| 2020 | $2.9M | $2.6M | $1.5M | $205K | — | View 990 |
| 2019 | $2.5M | $2.4M | $1.1M | $87K | — | View 990 |
| 2018 | $2.4M | $2.4M | $976K | $92K | — | View 990 |
| 2017 | $2.5M | $2.4M | $949K | $92K | — | View 990 |
| 2016 | $2.4M | $2.3M | $922K | $108K | — | View 990 |
| 2015 | $2.3M | $2.3M | $825K | $93K | — | View 990 |
| 2014 | $2.4M | $2.2M | $813K | $125K | — | View 990 |
| 2013 | $2.4M | $2.2M | $633K | $106K | — | View 990 |
| 2012 | $2.4M | $2.1M | $475K | $85K | — | View 990 |
| 2011 | $2.3M | $2.1M | $260K | $128K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.4M, and assets of $1.5M (revenue +2.7% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.8M, and assets of $1.6M (revenue +37.2% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.4M, and assets of $1.3M (revenue -21.4% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.6M, and assets of $1.5M (revenue +15.9% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.4M, and assets of $1.1M (revenue +2.4% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.4M, and assets of $976K (revenue -1.8% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.4M, and assets of $949K (revenue +2.3% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.3M, and assets of $922K (revenue +5.4% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $825K (revenue -2.9% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.2M, and assets of $813K (revenue +-0.0% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.2M, and assets of $633K (revenue -0.6% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.1M, and assets of $475K (revenue +3.1% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.1M, and assets of $260K.
Data Sources and Methodology
This transparency report for Our Lady Of Providence Vt Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.