Providence Student Union
EIN: 455052229 · Providence, RI · NTEE: B80
| Metric | Value |
|---|---|
| Total Revenue | $571K |
| Total Expenses | $442K |
| Net Assets | $515K |
Is Providence Student Union Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Providence Student Union
Providence Student Union (EIN: 455052229) is a nonprofit organization based in Providence, RI, classified under NTEE code B80. The organization reported total revenue of $571K and total assets of $693K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence Student Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence Student Union is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2017–2024). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $575K |
| Total Expenses | $442K |
| Surplus / Deficit | +$133K |
| Total Assets | $728K |
| Total Liabilities | $213K |
| Net Assets | $515K |
| Operating Margin | 23.1% |
| Debt-to-Asset Ratio | 29.2% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2024, Providence Student Union reported a surplus of $133K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 29.2% (moderate leverage).
Financial Trends
Over 8 years of filings (2017–2024), Providence Student Union's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +32.1% | +8.8% | +87.2% |
| 2023 | +10.5% | +38.4% | +9.0% |
| 2022 | +4.1% | -8.2% | +27.5% |
| 2021 | +25.6% | +27.3% | +26.9% |
| 2020 | +37.7% | +21.5% | +50.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Providence Student Union 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 Student Union 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $133K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.2%.
Frequently Asked Questions about Providence Student Union
Is Providence Student Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Providence Student Union (EIN: 455052229) insufficient data. 0 red flags identified, 0 strengths noted.
How does Providence Student Union spend its money?
Detailed spending breakdown data is not yet available for Providence Student Union. Check back for updated IRS 990 analysis.
Are donations to Providence Student Union tax-deductible?
Providence Student Union is registered as a tax-exempt nonprofit (EIN: 455052229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Providence Student Union located?
Providence Student Union is headquartered in Providence, Rhode Island and files with the IRS under EIN 455052229. It is classified under NTEE code B80.
How many years of IRS 990 filings does Providence Student Union have?
Providence Student Union has 8 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 $571K in total revenue.
Filing History
IRS 990 filing history for Providence Student Union showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2017–2024), Providence Student Union's revenue has grown by 160.5%, moving from $221K to $575K. Total assets increased by 1179.5% over the same period, from $57K to $728K. Total functional expenses rose by 137.9%, from $186K to $442K. In its most recent filing year (2024), Providence Student Union reported a surplus of $133K, with revenue exceeding expenses. The organization holds $213K in liabilities against $728K in assets (debt-to-asset ratio: 29.2%), resulting in net assets of $515K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $575K | $442K | $728K | $213K | — | — |
| 2023 | $435K | $407K | $389K | $6K | — | View 990 |
| 2022 | $394K | $294K | $357K | $3K | — | View 990 |
| 2021 | $378K | $320K | $280K | $26K | — | — |
| 2020 | $301K | $251K | $221K | $24K | — | — |
| 2019 | $219K | $207K | $147K | $69 | — | View 990 |
| 2018 | $266K | $187K | $135K | $69 | — | View 990 |
| 2017 | $221K | $186K | $57K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $575K, expenses of $442K, and assets of $728K (revenue +32.1% year-over-year).
- 2023: Revenue of $435K, expenses of $407K, and assets of $389K (revenue +10.5% year-over-year).
- 2022: Revenue of $394K, expenses of $294K, and assets of $357K (revenue +4.1% year-over-year).
- 2021: Revenue of $378K, expenses of $320K, and assets of $280K (revenue +25.6% year-over-year).
- 2020: Revenue of $301K, expenses of $251K, and assets of $221K (revenue +37.7% year-over-year).
- 2019: Revenue of $219K, expenses of $207K, and assets of $147K (revenue -17.7% year-over-year).
- 2018: Revenue of $266K, expenses of $187K, and assets of $135K (revenue +20.3% year-over-year).
- 2017: Revenue of $221K, expenses of $186K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence Student Union:
Data Sources and Methodology
This transparency report for Providence Student Union 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.