Providence Skills Center Inc
Providence Skills Center Inc ceased operations after 2013, reporting zero revenue and assets in its latest filing.
EIN: 203863125 · Providence, RI · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $32K |
| Program Spending | 75% |
| Net Assets | $6K |
| Transparency Score | 30/100 |
Is Providence Skills Center Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Providence Skills Center Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Providence Skills Center Inc
Providence Skills Center Inc (EIN: 203863125) is a nonprofit organization based in Providence, RI, classified under NTEE code B99. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence Skills Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence Skills Center Inc is a micro nonprofit that has been operating for 12 years, with 2 years of IRS 990 filings on record (2013–2014). Revenue has grown at a compound annual rate of -84.4%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $32K |
| Surplus / Deficit | $-22,344 |
| Total Assets | $6K |
| Net Assets | $6K |
| Operating Margin | -224.3% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2014, Providence Skills Center Inc reported a deficit of $22K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2013–2014), Providence Skills Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -84.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -84.4% | -47.4% | -87.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
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 Skills Center Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Providence Skills Center Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation was reported as 0% in both 2013 and 2014, indicating that no salaries were paid to officers relative to the organization's small size and operational budget.
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 Skills Center Inc's IRS 990 filings:
- Zero revenue and assets in the latest filing (2014), indicating likely cessation of operations.
- Significant decline in revenue from $63,673 in 2013 to $9,961 in 2014, followed by $0.
Strengths
The following positive indicators were identified for Providence Skills Center Inc:
- No officer compensation reported during its operational years.
- Reasonable program spending ratio (approx. 75% in 2013) when active.
Frequently Asked Questions about Providence Skills Center Inc
Is Providence Skills Center Inc a legitimate charity?
Providence Skills Center Inc (EIN: 203863125) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 30/100. It has 2 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: C.
How does Providence Skills Center Inc spend its money?
Providence Skills Center Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Providence Skills Center Inc tax-deductible?
Providence Skills Center Inc is registered as a tax-exempt nonprofit (EIN: 203863125). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Providence Skills Center Inc's spending goes to programs?
Providence Skills Center Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Providence Skills Center Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Providence Skills Center Inc is below average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Providence Skills Center Inc located?
Providence Skills Center Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 203863125. It is classified under NTEE code B99.
How many years of IRS 990 filings does Providence Skills Center Inc have?
Providence Skills Center Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Providence Skills Center Inc still operational?
Based on the latest IRS 990 filing for Period 201412 showing $0 revenue and $0 assets, it is highly unlikely that Providence Skills Center Inc is still operational.
What was the organization's primary activity when it was active?
The NTEE code B99 suggests 'Other Education Programs,' indicating a focus on educational or skill-building activities, though specific program details are not available in the provided data.
Filing History
IRS 990 filing history for Providence Skills Center Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2013–2014), Providence Skills Center Inc's revenue has declined by 84.4%, moving from $64K to $10K. Total assets decreased by 87.1% over the same period, from $48K to $6K. Total functional expenses fell by 47.4%, from $61K to $32K. In its most recent filing year (2014), Providence Skills Center Inc reported a deficit of $22K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $10K | $32K | $6K | $0 | — | View 990 |
| 2013 | $64K | $61K | $48K | $19K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence Skills Center Inc:
Data Sources and Methodology
This transparency report for Providence Skills Center 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.