Providence Business Loan Fund
EIN: 50483965 · Providence, RI · NTEE: Z99Z
| Metric | Value |
|---|---|
| Total Revenue | $214K |
| Total Expenses | $376K |
| Net Assets | $9.1M |
Is Providence Business Loan Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Providence Business Loan Fund
Providence Business Loan Fund (EIN: 50483965) is a nonprofit organization based in Providence, RI, classified under NTEE code Z99Z. The organization reported total revenue of $214K and total assets of $11.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence Business Loan Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence Business Loan Fund is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $258K |
| Total Expenses | $376K |
| Surplus / Deficit | $-117,642 |
| Total Assets | $11.5M |
| Total Liabilities | $2.4M |
| Net Assets | $9.1M |
| Operating Margin | -45.6% |
| Debt-to-Asset Ratio | 20.6% |
| Months of Reserves | 368.3 months |
Financial Health Grade: B
In 2023, Providence Business Loan Fund reported a deficit of $118K with expenses exceeding revenue, holds 368.3 months of operating reserves (strong position), has a debt-to-asset ratio of 20.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Providence Business Loan Fund's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.2% | +11.8% | -1.1% |
| 2022 | +60.0% | -10.8% | +1.3% |
| 2021 | +64.8% | +13.9% | -4.3% |
| 2020 | -27.8% | -87.2% | -0.3% |
| 2019 | -19.1% | +212.9% | -23.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Providence Business Loan Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Providence Business Loan Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $118K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.6%.
Frequently Asked Questions about Providence Business Loan Fund
Is Providence Business Loan Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Providence Business Loan Fund (EIN: 50483965) insufficient data. 0 red flags identified, 0 strengths noted.
How does Providence Business Loan Fund spend its money?
Detailed spending breakdown data is not yet available for Providence Business Loan Fund. Check back for updated IRS 990 analysis.
Are donations to Providence Business Loan Fund tax-deductible?
Providence Business Loan Fund is registered as a tax-exempt nonprofit (EIN: 50483965). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Providence Business Loan Fund located?
Providence Business Loan Fund is headquartered in Providence, Rhode Island and files with the IRS under EIN 50483965. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Providence Business Loan Fund have?
Providence Business Loan Fund has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $214K in total revenue.
Filing History
IRS 990 filing history for Providence Business Loan Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Providence Business Loan Fund's revenue has declined by 67.1%, moving from $783K to $258K. Total assets decreased by 9.4% over the same period, from $12.7M to $11.5M. Total functional expenses fell by 47%, from $709K to $376K. In its most recent filing year (2023), Providence Business Loan Fund reported a deficit of $118K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $11.5M in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $258K | $376K | $11.5M | $2.4M | — | View 990 |
| 2022 | $454K | $336K | $11.7M | $2.4M | — | View 990 |
| 2021 | $284K | $377K | $11.5M | $2.4M | — | View 990 |
| 2020 | $172K | $331K | $12.0M | $2.8M | — | View 990 |
| 2019 | $239K | $2.6M | $12.1M | $2.7M | — | View 990 |
| 2018 | $295K | $828K | $15.8M | $4.0M | — | View 990 |
| 2017 | $424K | $1.5M | $16.3M | $4.0M | — | View 990 |
| 2016 | $292K | $1.3M | $17.7M | $4.3M | — | View 990 |
| 2015 | $222K | $424K | $17.6M | $3.3M | — | View 990 |
| 2014 | $322K | $412K | $17.8M | $3.2M | — | View 990 |
| 2013 | $608K | $965K | $17.3M | $2.6M | — | View 990 |
| 2012 | $403K | $234K | $13.0M | $493K | — | View 990 |
| 2011 | $783K | $709K | $12.7M | $424K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $258K, expenses of $376K, and assets of $11.5M (revenue -43.2% year-over-year).
- 2022: Revenue of $454K, expenses of $336K, and assets of $11.7M (revenue +60.0% year-over-year).
- 2021: Revenue of $284K, expenses of $377K, and assets of $11.5M (revenue +64.8% year-over-year).
- 2020: Revenue of $172K, expenses of $331K, and assets of $12.0M (revenue -27.8% year-over-year).
- 2019: Revenue of $239K, expenses of $2.6M, and assets of $12.1M (revenue -19.1% year-over-year).
- 2018: Revenue of $295K, expenses of $828K, and assets of $15.8M (revenue -30.4% year-over-year).
- 2017: Revenue of $424K, expenses of $1.5M, and assets of $16.3M (revenue +44.9% year-over-year).
- 2016: Revenue of $292K, expenses of $1.3M, and assets of $17.7M (revenue +31.7% year-over-year).
- 2015: Revenue of $222K, expenses of $424K, and assets of $17.6M (revenue -30.9% year-over-year).
- 2014: Revenue of $322K, expenses of $412K, and assets of $17.8M (revenue -47.1% year-over-year).
- 2013: Revenue of $608K, expenses of $965K, and assets of $17.3M (revenue +51.1% year-over-year).
- 2012: Revenue of $403K, expenses of $234K, and assets of $13.0M (revenue -48.6% year-over-year).
- 2011: Revenue of $783K, expenses of $709K, and assets of $12.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence Business Loan Fund:
Data Sources and Methodology
This transparency report for Providence Business Loan Fund 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.