Providence Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,721,057 | 1,418,206 | 302,851 | 8.7 | 55% |
| 2021 | 5,180,103 | 1,248,116 | 3,931,987 | 44.6 | 60% |
| 2022 | 6,381,570 | 1,623,823 | 4,757,747 | 69.5 | 48% |
| 2023 | 3,304,184 | 2,117,510 | 1,186,674 | 60.0 | 44% |
In its most recent public year (2023), this organization brought in $1,186,674 more than it spent. Its reserves stood at about 60 months of spending, up from 8.7 in 2020. Staff pay was 44% of spending. $70,762 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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