Providence Jewelers Club
Providence Jewelers Club: Declining Revenue, Inconsistent Spending
EIN: 222565321 · E Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $111K |
| Total Expenses | $112K |
| Program Spending | 79% |
| Net Assets | $65K |
| Transparency Score | 45/100 |
Is Providence Jewelers Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Providence Jewelers Club directs 79% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Providence Jewelers Club
Providence Jewelers Club (EIN: 222565321) is a nonprofit organization based in E Providence, RI. The organization reported total revenue of $111K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence Jewelers Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence Jewelers Club is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $112K |
| Surplus / Deficit | $-23,404 |
| Total Assets | $65K |
| Net Assets | $65K |
| Operating Margin | -26.4% |
| Months of Reserves | 7.0 months |
Financial Health Grade: B
In 2023, Providence Jewelers Club reported a deficit of $23K with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Providence Jewelers Club's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.5% | -10.1% | -26.4% |
| 2022 | +24.8% | +71.8% | -23.8% |
| 2021 | +297.2% | +310.8% | +4.6% |
| 2020 | -81.4% | -81.8% | -12.4% |
| 2019 | -9.6% | -13.8% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 Jewelers Club with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 11%
- programs: 79%
- fundraising: 10%
According to IRS 990 filings, Providence Jewelers Club allocates its expenses as follows: admin: 11%, programs: 79%, fundraising: 10%. With 79% 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 $23K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not applicable as the organization reports no paid employees and an all-volunteer board.
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 Jewelers Club's IRS 990 filings:
- Revenue has significantly declined from $115,985 in 2018 to $19,548 in 2020, with a slight recovery to $88,604 in 2023.
- Total expenses ($112,008 in 2023) consistently exceed revenue ($88,604 in 2023), leading to a net loss.
- The organization's net assets have decreased from $126,953 in 2019 to $65,267 in 2023.
Strengths
The following positive indicators were identified for Providence Jewelers Club:
- The organization maintains an all-volunteer board, indicating a commitment to minimizing administrative overhead.
- A significant portion of expenses (79%) is allocated to program services, demonstrating a focus on its mission.
- Consistent filing of 990-EZ forms provides a transparent financial history.
Frequently Asked Questions about Providence Jewelers Club
Is Providence Jewelers Club a legitimate charity?
Providence Jewelers Club (EIN: 222565321) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $111K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Providence Jewelers Club spend its money?
Providence Jewelers Club directs 79% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Providence Jewelers Club tax-deductible?
Providence Jewelers Club is registered as a tax-exempt nonprofit (EIN: 222565321). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Providence Jewelers Club's spending goes to programs?
Providence Jewelers Club directs 79% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Providence Jewelers Club located?
Providence Jewelers Club is headquartered in E Providence, Rhode Island and files with the IRS under EIN 222565321.
How many years of IRS 990 filings does Providence Jewelers Club have?
Providence Jewelers Club 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 $111K in total revenue.
What does Providence Jewelers Club do?
Providence Jewelers Club is a nonprofit organization in the Unknown sector, located in E Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Providence Jewelers Club have?
Providence Jewelers Club reported total revenue of $111,278. Based on 13 IRS 990 filings on record.
What are Providence Jewelers Club's total assets?
Providence Jewelers Club holds total assets of $55,095 as reported in IRS 990 filings.
Where is Providence Jewelers Club located?
Providence Jewelers Club is based in E Providence, Rhode Island.
What is Providence Jewelers Club's EIN?
Providence Jewelers Club's Employer Identification Number (EIN) is 222565321. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Providence Jewelers Club?
Providence Jewelers Club is classified under NTEE code Unknown (Unknown).
Is Providence Jewelers Club a registered 501(c)(3)?
Providence Jewelers Club appears in IRS records (EIN: 222565321). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Providence Jewelers Club file IRS Form 990?
Yes, Providence Jewelers Club has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Providence Jewelers Club's revenue in 2023?
In the 202312 filing period, Providence Jewelers Club reported total revenue of $88,604, total expenses of $112,008, and net assets of $65,267.
Is Providence Jewelers Club's revenue growing or declining?
Providence Jewelers Club's revenue is declining. Revenue went from $96,886 (202212) to $88,604 (202312), a -8.5% change. Based on 13 filings on record.
What is Providence Jewelers Club's most recent 990 filing?
The most recent IRS Form 990 filing for Providence Jewelers Club covers tax period 202312. It shows revenue of $88,604, expenses of $112,008, total assets of $65,267, and liabilities of N/A.
How much does Providence Jewelers Club spend on programs vs administration?
Based on IRS 990 analysis, Providence Jewelers Club allocates approximately 79% of expenses to program services, 11% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Providence Jewelers Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Providence Jewelers Club shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Providence Jewelers Club?
The following concerns were identified: Revenue has significantly declined from $115,985 in 2018 to $19,548 in 2020, with a slight recovery to $88,604 in 2023.. Total expenses ($112,008 in 2023) consistently exceed revenue ($88,604 in 2023), leading to a net loss.. The organization's net assets have decreased from $126,953 in 2019 to $65,267 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Providence Jewelers Club's strengths?
Positive indicators for Providence Jewelers Club include: The organization maintains an all-volunteer board, indicating a commitment to minimizing administrative overhead.. A significant portion of expenses (79%) is allocated to program services, demonstrating a focus on its mission.. Consistent filing of 990-EZ forms provides a transparent financial history.. These findings are derived from AI analysis of the organization's financial filings.
How does Providence Jewelers Club compensate executives?
Executive compensation is not applicable as the organization reports no paid employees and an all-volunteer board. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent net losses and declining assets, what is the long-term sustainability plan for the Providence Jewelers Club?
The financial data suggests a need for strategic intervention to address the recurring deficits and asset depletion. Without new revenue streams or significant expense reductions, the organization's ability to continue operations is at risk.
How does the Providence Jewelers Club plan to reverse the trend of declining revenue, particularly after the sharp drop in 2020?
The organization would need to articulate specific strategies for fundraising, membership growth, or other income-generating activities to recover and stabilize its financial position, especially given the pre-pandemic decline already observed.
Filing History
IRS 990 filing history for Providence Jewelers Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Providence Jewelers Club's revenue has grown by 1%, moving from $88K to $89K. Total assets decreased by 17.6% over the same period, from $79K to $65K. Total functional expenses rose by 45.8%, from $77K to $112K. In its most recent filing year (2023), Providence Jewelers Club reported a deficit of $23K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $112K | $65K | $0 | — | View 990 |
| 2022 | $97K | $125K | $89K | $0 | — | View 990 |
| 2021 | $78K | $72K | $116K | $0 | — | View 990 |
| 2020 | $20K | $18K | $111K | $0 | — | View 990 |
| 2019 | $105K | $97K | $127K | $0 | — | View 990 |
| 2018 | $116K | $112K | $119K | $0 | — | View 990 |
| 2017 | $116K | $113K | $115K | $0 | — | View 990 |
| 2016 | $113K | $111K | $113K | $0 | — | View 990 |
| 2015 | $115K | $110K | $111K | $0 | — | View 990 |
| 2014 | $116K | $100K | $106K | $0 | — | View 990 |
| 2013 | $105K | $90K | $90K | $0 | — | View 990 |
| 2012 | $78K | $79K | $76K | $0 | — | View 990 |
| 2011 | $88K | $77K | $79K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $112K, and assets of $65K (revenue -8.5% year-over-year).
- 2022: Revenue of $97K, expenses of $125K, and assets of $89K (revenue +24.8% year-over-year).
- 2021: Revenue of $78K, expenses of $72K, and assets of $116K (revenue +297.2% year-over-year).
- 2020: Revenue of $20K, expenses of $18K, and assets of $111K (revenue -81.4% year-over-year).
- 2019: Revenue of $105K, expenses of $97K, and assets of $127K (revenue -9.6% year-over-year).
- 2018: Revenue of $116K, expenses of $112K, and assets of $119K (revenue +0.2% year-over-year).
- 2017: Revenue of $116K, expenses of $113K, and assets of $115K (revenue +2.3% year-over-year).
- 2016: Revenue of $113K, expenses of $111K, and assets of $113K (revenue -1.7% year-over-year).
- 2015: Revenue of $115K, expenses of $110K, and assets of $111K (revenue -1.1% year-over-year).
- 2014: Revenue of $116K, expenses of $100K, and assets of $106K (revenue +10.8% year-over-year).
- 2013: Revenue of $105K, expenses of $90K, and assets of $90K (revenue +33.8% year-over-year).
- 2012: Revenue of $78K, expenses of $79K, and assets of $76K (revenue -10.6% year-over-year).
- 2011: Revenue of $88K, expenses of $77K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence Jewelers Club:
Data Sources and Methodology
This transparency report for Providence Jewelers Club 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.