Providence Englewood Schoolcorporation
Providence Englewood Schoolcorporation maintains stable operations with fluctuating annual surpluses and deficits, consistently reporting no officer compensation.
EIN: 204527655 · Chicago, IL · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $6.6M |
| Program Spending | 85% |
| Net Assets | $685K |
| Transparency Score | 90/100 |
Is Providence Englewood Schoolcorporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Providence Englewood Schoolcorporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Providence Englewood Schoolcorporation
Providence Englewood Schoolcorporation (EIN: 204527655) is a nonprofit organization based in Chicago, IL, classified under NTEE code B29. The organization reported total revenue of $7.6M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence Englewood Schoolcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence Englewood Schoolcorporation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $6.6M |
| Surplus / Deficit | $-280,804 |
| Total Assets | $2.0M |
| Total Liabilities | $1.3M |
| Net Assets | $685K |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 65.4% |
| Months of Reserves | 3.6 months |
Financial Health Grade: C
In 2023, Providence Englewood Schoolcorporation reported a deficit of $281K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 65.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Providence Englewood Schoolcorporation's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.0% | +5.9% | -20.8% |
| 2022 | +36.5% | +29.4% | +22.3% |
| 2021 | -0.9% | -4.2% | +14.3% |
| 2020 | -1.0% | -13.9% | +21.2% |
| 2019 | -2.9% | +11.4% | -34.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Providence Englewood Schoolcorporation with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Providence Englewood Schoolcorporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $281K, with expenses exceeding revenue.
- Debt-to-asset ratio: 65.4%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of this size and suggests a strong volunteer leadership model or alternative compensation structures not captured in this metric.
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 Providence Englewood Schoolcorporation's IRS 990 filings:
- Occasional annual deficits where expenses exceed revenue (e.g., $6,616,109 expenses vs. $6,335,305 revenue in 2023)
- Unusually low liabilities in earlier years compared to later years, which could indicate changes in financial structure or reporting.
Strengths
The following positive indicators were identified for Providence Englewood Schoolcorporation:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship.
- Stable revenue base, generally increasing over the past decade.
- Growing asset base, from $2.1 million in 2014 to $2.9 million currently.
- Long filing history (13 filings) demonstrating consistent transparency.
Frequently Asked Questions about Providence Englewood Schoolcorporation
Is Providence Englewood Schoolcorporation a legitimate charity?
Providence Englewood Schoolcorporation (EIN: 204527655) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.6M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Providence Englewood Schoolcorporation spend its money?
Providence Englewood Schoolcorporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Providence Englewood Schoolcorporation tax-deductible?
Providence Englewood Schoolcorporation is registered as a tax-exempt nonprofit (EIN: 204527655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Providence Englewood Schoolcorporation's spending goes to programs?
Providence Englewood Schoolcorporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Providence Englewood Schoolcorporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Providence Englewood Schoolcorporation is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Providence Englewood Schoolcorporation located?
Providence Englewood Schoolcorporation is headquartered in Chicago, Illinois and files with the IRS under EIN 204527655. It is classified under NTEE code B29.
How many years of IRS 990 filings does Providence Englewood Schoolcorporation have?
Providence Englewood Schoolcorporation 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 $7.6M in total revenue.
Is Providence Englewood Schoolcorporation a good charity?
Based on the available data, Providence Englewood Schoolcorporation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds to its mission. While there are fluctuations in annual revenue and expenses, the overall financial picture suggests stable operations for an educational institution.
How has Providence Englewood Schoolcorporation's financial health changed over time?
The organization's financial health has shown some variability. Revenue has generally increased from around $4.5 million in 2014 to $6.3 million in 2023, with a peak of $6.8 million in 2022. Assets have also grown from $2.1 million in 2014 to $2.9 million currently. While there have been years where expenses exceeded revenue (e.g., 2023, 2019), the organization has maintained a healthy asset base and consistent operations.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's leadership either serves on a purely volunteer basis, or their compensation is structured in a way that is not reported under 'officer compensation' on the 990 form. This practice, if truly volunteer-driven, indicates a strong dedication to the mission and efficient use of donor funds.
Filing History
IRS 990 filing history for Providence Englewood Schoolcorporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Providence Englewood Schoolcorporation's revenue has grown by 132.4%, moving from $2.7M to $6.3M. Total assets decreased by 11.7% over the same period, from $2.2M to $2.0M. Total functional expenses rose by 100%, from $3.3M to $6.6M. In its most recent filing year (2023), Providence Englewood Schoolcorporation reported a deficit of $281K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $2.0M in assets (debt-to-asset ratio: 65.4%), resulting in net assets of $685K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $6.6M | $2.0M | $1.3M | — | — |
| 2022 | $6.9M | $6.2M | $2.5M | $1.5M | — | View 990 |
| 2021 | $5.0M | $4.8M | $2.0M | $1.7M | — | View 990 |
| 2020 | $5.1M | $5.0M | $1.8M | $1.7M | — | View 990 |
| 2019 | $5.1M | $5.9M | $1.5M | $1.4M | — | View 990 |
| 2018 | $5.3M | $5.3M | $2.3M | $1.5M | — | View 990 |
| 2017 | $4.5M | $5.3M | $2.3M | $1.5M | — | View 990 |
| 2016 | $4.7M | $4.9M | $2.2M | $672K | — | View 990 |
| 2015 | $4.6M | $4.7M | $2.1M | $427K | — | View 990 |
| 2014 | $4.5M | $4.3M | $2.2M | $396K | — | View 990 |
| 2013 | $3.5M | $3.8M | $1.8M | $240K | — | View 990 |
| 2012 | $3.1M | $3.3M | $2.2M | $306K | — | View 990 |
| 2011 | $2.7M | $3.3M | $2.2M | $215K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $6.6M, and assets of $2.0M (revenue -8.0% year-over-year).
- 2022: Revenue of $6.9M, expenses of $6.2M, and assets of $2.5M (revenue +36.5% year-over-year).
- 2021: Revenue of $5.0M, expenses of $4.8M, and assets of $2.0M (revenue -0.9% year-over-year).
- 2020: Revenue of $5.1M, expenses of $5.0M, and assets of $1.8M (revenue -1.0% year-over-year).
- 2019: Revenue of $5.1M, expenses of $5.9M, and assets of $1.5M (revenue -2.9% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.3M, and assets of $2.3M (revenue +18.1% year-over-year).
- 2017: Revenue of $4.5M, expenses of $5.3M, and assets of $2.3M (revenue -5.1% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.9M, and assets of $2.2M (revenue +3.0% year-over-year).
- 2015: Revenue of $4.6M, expenses of $4.7M, and assets of $2.1M (revenue +1.6% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.3M, and assets of $2.2M (revenue +27.8% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.8M, and assets of $1.8M (revenue +12.3% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.3M, and assets of $2.2M (revenue +15.3% year-over-year).
- 2011: Revenue of $2.7M, expenses of $3.3M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence Englewood Schoolcorporation:
Data Sources and Methodology
This transparency report for Providence Englewood Schoolcorporation 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.