Providence Ministries For The Needy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 783,804 | 893,595 | −109,791 | 13.8 | 40% |
| 2012 | 879,341 | 888,159 | −8,818 | 13.7 | 41% |
| 2013 | 875,643 | 928,107 | −52,464 | 12.5 | 36% |
| 2014 | 918,727 | 958,980 | −40,253 | 11.8 | 36% |
| 2015 | 1,037,010 | 1,044,588 | −7,578 | 10.6 | 41% |
| 2016 | 1,007,440 | 998,820 | 8,620 | 11.1 | 40% |
| 2017 | 1,067,843 | 1,087,103 | −19,260 | 10.1 | 41% |
| 2018 | 1,123,925 | 1,164,557 | −40,632 | 9.1 | 40% |
| 2019 | 586,030 | 708,909 | −122,879 | 11.7 | 37% |
| 2021 | 1,849,889 | 1,669,979 | 179,910 | 6.9 | 21% |
| 2022 | 1,886,343 | 1,818,883 | 67,460 | 6.5 | 24% |
| 2023 | 2,887,122 | 2,940,759 | −53,637 | 4.0 | 19% |
In its most recent public year (2023), this organization spent $53,637 more than it brought in. Its reserves stood at about 4 months of spending, down from 13.8 in 2011. Staff pay was 19% of spending. $32,743 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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