Providence Leadership Development
EIN: 264265915 · Providence, RI · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $278K |
| Net Assets | $145K |
Is Providence Leadership Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Providence Leadership Development
Providence Leadership Development (EIN: 264265915) is a nonprofit organization based in Providence, RI, classified under NTEE code O50. The organization reported total revenue of $102K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence Leadership Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence Leadership Development is a small nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $308K |
| Total Expenses | $278K |
| Surplus / Deficit | +$29K |
| Total Assets | $171K |
| Total Liabilities | $26K |
| Net Assets | $145K |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 14.9% |
| Months of Reserves | 7.4 months |
Financial Health Grade: A
In 2023, Providence Leadership Development reported a surplus of $29K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 14.9% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2023), Providence Leadership Development's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.0% | +76.9% | +8.2% |
| 2022 | +138.6% | +70.2% | +405.0% |
| 2021 | +19.4% | +15.6% | +43.0% |
| 2020 | -27.6% | -35.3% | +30.4% |
| 2019 | -13.2% | -2.5% | -26.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Providence Leadership Development 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 Leadership Development 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 surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.9%.
Frequently Asked Questions about Providence Leadership Development
Is Providence Leadership Development a legitimate charity?
Providence Leadership Development (EIN: 264265915) is a registered tax-exempt nonprofit based in Rhode Island. It has 10 years of IRS 990 filings on record. Total revenue: $102K. No red flags identified. Financial health grade: A.
How does Providence Leadership Development spend its money?
Providence Leadership Development reported $102K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Providence Leadership Development tax-deductible?
Providence Leadership Development is registered as a tax-exempt nonprofit (EIN: 264265915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Providence Leadership Development located?
Providence Leadership Development is headquartered in Providence, Rhode Island and files with the IRS under EIN 264265915. It is classified under NTEE code O50.
How many years of IRS 990 filings does Providence Leadership Development have?
Providence Leadership Development has 10 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 $102K in total revenue.
Filing History
IRS 990 filing history for Providence Leadership Development showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Providence Leadership Development's revenue has grown by 433.9%, moving from $58K to $308K. Total assets increased by 5150.9% over the same period, from $3K to $171K. Total functional expenses rose by 385.7%, from $57K to $278K. In its most recent filing year (2023), Providence Leadership Development reported a surplus of $29K, with revenue exceeding expenses. The organization holds $26K in liabilities against $171K in assets (debt-to-asset ratio: 14.9%), resulting in net assets of $145K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $308K | $278K | $171K | $26K | — | — |
| 2022 | $242K | $157K | $158K | $42K | — | View 990 |
| 2021 | $102K | $92K | $31K | $273 | — | View 990 |
| 2020 | $85K | $80K | $22K | $0 | — | View 990 |
| 2019 | $117K | $124K | $17K | $0 | — | — |
| 2018 | $135K | $127K | $23K | $0 | — | View 990 |
| 2015 | $100K | $95K | $13K | $0 | — | View 990 |
| 2014 | $76K | $74K | $8K | $0 | — | View 990 |
| 2013 | $62K | $59K | $6K | $0 | — | View 990 |
| 2012 | $58K | $57K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $308K, expenses of $278K, and assets of $171K (revenue +27.0% year-over-year).
- 2022: Revenue of $242K, expenses of $157K, and assets of $158K (revenue +138.6% year-over-year).
- 2021: Revenue of $102K, expenses of $92K, and assets of $31K (revenue +19.4% year-over-year).
- 2020: Revenue of $85K, expenses of $80K, and assets of $22K (revenue -27.6% year-over-year).
- 2019: Revenue of $117K, expenses of $124K, and assets of $17K (revenue -13.2% year-over-year).
- 2018: Revenue of $135K, expenses of $127K, and assets of $23K (revenue +35.6% year-over-year).
- 2015: Revenue of $100K, expenses of $95K, and assets of $13K (revenue +30.5% year-over-year).
- 2014: Revenue of $76K, expenses of $74K, and assets of $8K (revenue +23.7% year-over-year).
- 2013: Revenue of $62K, expenses of $59K, and assets of $6K (revenue +7.2% year-over-year).
- 2012: Revenue of $58K, expenses of $57K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence Leadership Development:
Data Sources and Methodology
This transparency report for Providence Leadership Development 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.