Operating record

Providence Place Iii Inc

Southern Pnes, NC · EIN 56-2016455 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$185,756$246,866−$61,110-68.90%
2021$194,320$266,831−$72,511-67.00%
2022$190,026$248,231−$58,205-74.80%
2023$189,732$265,817−$76,085-73.30%

In its most recent public year (2023), this organization spent $76,085 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-73.3 months), down from -68.9 in 2020. Staff pay was 0% 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 ↗