Providence Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 0 | 71,511 | −71,511 | -12.0 | 36% |
| 2017 | 668,731 | 812,475 | −143,744 | -3.2 | 4% |
| 2018 | 1,471,435 | 1,516,564 | −45,129 | -2.1 | 51% |
| 2019 | 1,540,598 | 1,606,081 | −65,483 | -2.4 | 28% |
| 2020 | 2,027,431 | 1,837,127 | 190,304 | -0.9 | 46% |
| 2021 | 1,842,240 | 1,800,326 | 41,914 | -0.6 | 47% |
| 2022 | 2,243,494 | 2,219,032 | 24,462 | -0.4 | 46% |
| 2023 | 2,478,714 | 2,414,066 | 64,648 | -0.0 | 45% |
| 2024 | 2,539,777 | 2,625,918 | −86,141 | -0.4 | 52% |
In its most recent public year (2024), this organization spent $86,141 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), up from -12 in 2016. Staff pay was 52% 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 2024. 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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