Providence House Inc
Providence House Inc. shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 112594653 · Brooklyn, NY · NTEE: P430 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.6M |
| Total Expenses | $13.7M |
| Program Spending | 85% |
| Net Assets | $13.8M |
| Transparency Score | 90/100 |
Is Providence House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Providence House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Providence House Inc
Providence House Inc (EIN: 112594653) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P430. The organization reported total revenue of $14.6M and total assets of $19.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence House Inc is a large nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.5M |
| Total Expenses | $13.7M |
| Surplus / Deficit | +$2.9M |
| Total Assets | $18.9M |
| Total Liabilities | $5.1M |
| Net Assets | $13.8M |
| Operating Margin | 17.3% |
| Debt-to-Asset Ratio | 27.0% |
| Months of Reserves | 16.6 months |
Financial Health Grade: A
In 2023, Providence House Inc reported a surplus of $2.9M with revenue exceeding expenses, holds 16.6 months of operating reserves (strong position), has a debt-to-asset ratio of 27.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Providence House Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.7% | +8.1% | +50.1% |
| 2022 | +7.4% | +19.7% | +6.8% |
| 2021 | +88.1% | +58.1% | +19.6% |
| 2020 | +17.4% | +9.9% | +3.5% |
| 2019 | -2.8% | +18.7% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1946 |
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 House Inc 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 House Inc 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 surplus of $2.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.0%.
Executive Compensation Analysis
Providence House Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong commitment to directing all funds to its mission.
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 House Inc's IRS 990 filings:
- Increase in liabilities to $5.1 million in 2023, which warrants monitoring relative to asset growth.
Strengths
The following positive indicators were identified for Providence House Inc:
- 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).
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) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Providence House Inc spend its money?
Providence House Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Providence House Inc tax-deductible?
Providence House Inc is registered as a tax-exempt nonprofit (EIN: 112594653). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Providence House Inc's spending goes to programs?
Providence House Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Providence House Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Providence House Inc is above average for NTEE category P430 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Providence House Inc located?
Providence House Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112594653. It is classified under NTEE code P430.
How many years of IRS 990 filings does Providence House Inc have?
Providence House Inc 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 $14.6M in total revenue.
Is Providence House Inc. a good charity?
Based on the provided financial data, Providence House Inc. appears to be a very good charity. It demonstrates strong financial growth, healthy asset accumulation, and a remarkable commitment to transparency by reporting 0% officer compensation across all filings.
How has Providence House Inc.'s revenue changed over time?
Providence House Inc. has experienced significant revenue growth, increasing from $4,609,045 in 2014 to $16,542,973 in 2023, indicating substantial expansion of its operations and funding.
What is the trend in Providence House Inc.'s assets?
The organization's assets have shown a consistent upward trend, growing from $8,761,045 in 2014 to $18,920,681 in 2023, reflecting strong financial health and capacity building.
Does Providence House Inc. pay its executives?
No, according to the IRS 990 filings, Providence House Inc. consistently reports 0% officer compensation, meaning no salaries are paid to its executives.
Filing History
IRS 990 filing history for Providence House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Providence House Inc's revenue has grown by 398.8%, moving from $3.3M to $16.5M. Total assets increased by 182.9% over the same period, from $6.7M to $18.9M. Total functional expenses rose by 361%, from $3.0M to $13.7M. In its most recent filing year (2023), Providence House Inc reported a surplus of $2.9M, with revenue exceeding expenses. The organization holds $5.1M in liabilities against $18.9M in assets (debt-to-asset ratio: 27.0%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.5M | $13.7M | $18.9M | $5.1M | — | — |
| 2022 | $13.6M | $12.7M | $12.6M | $1.9M | — | View 990 |
| 2021 | $12.7M | $10.6M | $11.8M | $1.3M | — | View 990 |
| 2020 | $6.7M | $6.7M | $9.9M | $1.8M | — | View 990 |
| 2019 | $5.7M | $6.1M | $9.5M | $1.6M | — | View 990 |
| 2018 | $5.9M | $5.1M | $9.9M | $1.6M | — | View 990 |
| 2017 | $4.7M | $5.4M | $9.2M | $1.8M | — | View 990 |
| 2016 | $4.6M | $4.8M | $9.2M | $1.2M | — | View 990 |
| 2015 | $5.0M | $4.3M | $8.8M | $490K | — | View 990 |
| 2014 | $4.6M | $3.8M | $8.8M | $951K | — | View 990 |
| 2013 | $4.5M | $3.2M | $8.0M | $1.1M | — | View 990 |
| 2012 | $3.7M | $3.0M | $8.1M | $2.2M | — | View 990 |
| 2011 | $3.3M | $3.0M | $6.7M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.5M, expenses of $13.7M, and assets of $18.9M (revenue +21.7% year-over-year).
- 2022: Revenue of $13.6M, expenses of $12.7M, and assets of $12.6M (revenue +7.4% year-over-year).
- 2021: Revenue of $12.7M, expenses of $10.6M, and assets of $11.8M (revenue +88.1% year-over-year).
- 2020: Revenue of $6.7M, expenses of $6.7M, and assets of $9.9M (revenue +17.4% year-over-year).
- 2019: Revenue of $5.7M, expenses of $6.1M, and assets of $9.5M (revenue -2.8% year-over-year).
- 2018: Revenue of $5.9M, expenses of $5.1M, and assets of $9.9M (revenue +25.3% year-over-year).
- 2017: Revenue of $4.7M, expenses of $5.4M, and assets of $9.2M (revenue +3.0% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.8M, and assets of $9.2M (revenue -8.4% year-over-year).
- 2015: Revenue of $5.0M, expenses of $4.3M, and assets of $8.8M (revenue +8.2% year-over-year).
- 2014: Revenue of $4.6M, expenses of $3.8M, and assets of $8.8M (revenue +2.0% year-over-year).
- 2013: Revenue of $4.5M, expenses of $3.2M, and assets of $8.0M (revenue +21.9% year-over-year).
- 2012: Revenue of $3.7M, expenses of $3.0M, and assets of $8.1M (revenue +11.8% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.0M, and assets of $6.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence House Inc:
Data Sources and Methodology
This transparency report for Providence House 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.