Providence Charitable Foundation Inc
- Assets
- $7.7m
- Revenue
- $3.8m
- Investments
- $4.3m
- Employees
- 0
- Location
- Totowa, NJ
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 13-4037405
Organization Overview
Providence Charitable Foundation Inc is located in Totowa, NJ. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Providence Charitable Foundation Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $3.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DIRECTLY CONTRIBUTES TO RELIGIOUS, EDUCATIONAL AND MEDICAL ORGANIZATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,300,000 |
| Interest on Savings | $486 |
| Dividends & Interest | $172,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $278,549 |
| Capital Gain Net Income | $278,549 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,751,659 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64,553 |
| Total operating and administrative expenses | $78,277 |
| Contributions, gifts, grants paid | $3,513,764 |
| Total expenses and disbursements | $3,592,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,334,743 |
| Savings and temporary cash investments | $63,137 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,068 |
| Total assets | $7,734,242 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,375 |
| Total liabilities | $9,375 |