Providence Heights Fka The Purpose
EIN: 431968326 · Bellevue, WA · NTEE: O99
| Metric | Value |
|---|---|
| Total Revenue | $461K |
| Total Expenses | $1.9M |
| Net Assets | $221K |
Is Providence Heights Fka The Purpose Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Providence Heights Fka The Purpose
Providence Heights Fka The Purpose (EIN: 431968326) is a nonprofit organization based in Bellevue, WA, classified under NTEE code O99. The organization reported total revenue of $461K and total assets of $35K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence Heights Fka The Purpose's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence Heights Fka The Purpose is a small nonprofit that has been operating for 23 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 22.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $402K |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-1,491,423 |
| Total Assets | $268K |
| Total Liabilities | $47K |
| Net Assets | $221K |
| Operating Margin | -371.1% |
| Debt-to-Asset Ratio | 17.5% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2023, Providence Heights Fka The Purpose reported a deficit of $1.5M with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 17.5% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Providence Heights Fka The Purpose's revenue has grown at a compound annual growth rate (CAGR) of 22.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.5% | +17.9% | -87.7% |
| 2022 | +167.4% | +47.6% | +369.5% |
| 2021 | +732.6% | +1180.7% | +164.5% |
| 2020 | +195.6% | +30.2% | +331.9% |
| 2019 | -63.7% | -33.6% | -22.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Providence Heights Fka The Purpose 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 Heights Fka The Purpose 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 $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.5%.
Frequently Asked Questions about Providence Heights Fka The Purpose
Is Providence Heights Fka The Purpose a legitimate charity?
Providence Heights Fka The Purpose (EIN: 431968326) is a registered tax-exempt nonprofit based in Washington. It has 6 years of IRS 990 filings on record. Total revenue: $461K. No red flags identified. Financial health grade: C.
How does Providence Heights Fka The Purpose spend its money?
Providence Heights Fka The Purpose reported $461K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Providence Heights Fka The Purpose tax-deductible?
Providence Heights Fka The Purpose is registered as a tax-exempt nonprofit (EIN: 431968326). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Providence Heights Fka The Purpose located?
Providence Heights Fka The Purpose is headquartered in Bellevue, Washington and files with the IRS under EIN 431968326. It is classified under NTEE code O99.
How many years of IRS 990 filings does Providence Heights Fka The Purpose have?
Providence Heights Fka The Purpose has 6 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 $461K in total revenue.
Filing History
IRS 990 filing history for Providence Heights Fka The Purpose showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Providence Heights Fka The Purpose's revenue has grown by 173.9%, moving from $147K to $402K. Total assets increased by 408.3% over the same period, from $53K to $268K. Total functional expenses rose by 1827.8%, from $98K to $1.9M. In its most recent filing year (2023), Providence Heights Fka The Purpose reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $47K in liabilities against $268K in assets (debt-to-asset ratio: 17.5%), resulting in net assets of $221K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $402K | $1.9M | $268K | $47K | — | — |
| 2022 | $3.5M | $1.6M | $2.2M | $477K | — | View 990 |
| 2021 | $1.3M | $1.1M | $466K | $58K | — | View 990 |
| 2020 | $157K | $85K | $176K | $63K | — | View 990 |
| 2019 | $53K | $65K | $41K | $41 | — | View 990 |
| 2018 | $147K | $98K | $53K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $402K, expenses of $1.9M, and assets of $268K (revenue -88.5% year-over-year).
- 2022: Revenue of $3.5M, expenses of $1.6M, and assets of $2.2M (revenue +167.4% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $466K (revenue +732.6% year-over-year).
- 2020: Revenue of $157K, expenses of $85K, and assets of $176K (revenue +195.6% year-over-year).
- 2019: Revenue of $53K, expenses of $65K, and assets of $41K (revenue -63.7% year-over-year).
- 2018: Revenue of $147K, expenses of $98K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence Heights Fka The Purpose:
Data Sources and Methodology
This transparency report for Providence Heights Fka The Purpose 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.