Providence Heights Fka The Purpose
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 157,353 | 84,951 | 72,402 | 16.0 | — |
| 2021 | 1,310,046 | 1,087,960 | 222,086 | 4.5 | 39% |
| 2022 | 3,502,564 | 1,605,788 | 1,896,776 | 12.8 | 39% |
| 2023 | 401,941 | 1,893,364 | −1,491,423 | 1.4 | 33% |
In its most recent public year (2023), this organization spent $1,491,423 more than it brought in. Its reserves stood at about 1.4 months of spending, down from 16 in 2020. Staff pay was 33% of spending.
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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