The Providence St Mel Foundation
EIN: 363846011 · Chicago, IL
| Metric | Value |
|---|---|
| Total Revenue | $250K |
| Net Assets | $4.5M |
Is The Providence St Mel Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Providence St Mel Foundation
The Providence St Mel Foundation (EIN: 363846011) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $250K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Providence St Mel Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Providence St Mel Foundation is a small nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $250K |
| Total Expenses | $0 |
| Surplus / Deficit | +$250K |
| Total Assets | $5.3M |
| Total Liabilities | $795K |
| Net Assets | $4.5M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 15.1% |
Financial Health Grade: A
In 2022, The Providence St Mel Foundation reported a surplus of $250K with revenue exceeding expenses, has a debt-to-asset ratio of 15.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), The Providence St Mel Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +20.9% | — | -13.1% |
| 2021 | +85.6% | — | +33.7% |
| 2020 | -90.1% | -100.0% | +1.9% |
| 2019 | +921.9% | — | +4.9% |
| 2018 | +29.3% | — | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Providence St Mel Foundation 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 The Providence St Mel Foundation 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 (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 15.1%.
Frequently Asked Questions about The Providence St Mel Foundation
Is The Providence St Mel Foundation a legitimate charity?
The Providence St Mel Foundation (EIN: 363846011) is a registered tax-exempt nonprofit based in Illinois. It has 12 years of IRS 990 filings on record. Total revenue: $250K. No red flags identified. Financial health grade: A.
How does The Providence St Mel Foundation spend its money?
The Providence St Mel Foundation reported $250K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Providence St Mel Foundation tax-deductible?
The Providence St Mel Foundation is registered as a tax-exempt nonprofit (EIN: 363846011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Providence St Mel Foundation located?
The Providence St Mel Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 363846011.
How many years of IRS 990 filings does The Providence St Mel Foundation have?
The Providence St Mel Foundation has 12 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 $250K in total revenue.
Filing History
IRS 990 filing history for The Providence St Mel Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), The Providence St Mel Foundation's revenue has grown by 155.6%, moving from $98K to $250K. Total assets increased by 153.8% over the same period, from $2.1M to $5.3M. The organization holds $795K in liabilities against $5.3M in assets (debt-to-asset ratio: 15.1%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $250K | $0 | $5.3M | $795K | — | View 990 |
| 2021 | $207K | $0 | $6.1M | $795K | — | — |
| 2020 | $111K | $0 | $4.5M | $795K | — | View 990 |
| 2019 | $1.1M | $778K | $4.5M | $795K | — | View 990 |
| 2018 | $110K | $0 | $4.2M | $795K | — | View 990 |
| 2017 | $85K | $0 | $3.9M | $795K | — | View 990 |
| 2016 | $89K | $0 | $3.5M | $795K | — | View 990 |
| 2015 | $317K | $0 | $3.5M | $799K | — | View 990 |
| 2014 | $37K | $0 | $2.6M | $0 | — | View 990 |
| 2013 | $22K | $0 | $2.3M | $0 | — | View 990 |
| 2012 | $40K | $0 | $2.1M | $0 | — | View 990 |
| 2011 | $98K | $0 | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $250K, expenses of $0, and assets of $5.3M (revenue +20.9% year-over-year).
- 2021: Revenue of $207K, expenses of $0, and assets of $6.1M (revenue +85.6% year-over-year).
- 2020: Revenue of $111K, expenses of $0, and assets of $4.5M (revenue -90.1% year-over-year).
- 2019: Revenue of $1.1M, expenses of $778K, and assets of $4.5M (revenue +921.9% year-over-year).
- 2018: Revenue of $110K, expenses of $0, and assets of $4.2M (revenue +29.3% year-over-year).
- 2017: Revenue of $85K, expenses of $0, and assets of $3.9M (revenue -4.7% year-over-year).
- 2016: Revenue of $89K, expenses of $0, and assets of $3.5M (revenue -71.9% year-over-year).
- 2015: Revenue of $317K, expenses of $0, and assets of $3.5M (revenue +748.1% year-over-year).
- 2014: Revenue of $37K, expenses of $0, and assets of $2.6M (revenue +66.9% year-over-year).
- 2013: Revenue of $22K, expenses of $0, and assets of $2.3M (revenue -43.6% year-over-year).
- 2012: Revenue of $40K, expenses of $0, and assets of $2.1M (revenue -59.4% year-over-year).
- 2011: Revenue of $98K, expenses of $0, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Providence St Mel Foundation:
Data Sources and Methodology
This transparency report for The Providence St Mel Foundation 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.