LHousing & ShelterEIN: 042898893· Ruling Year: 1946

Providence Ministries For The Needy Inc

Holyoke, Massachusetts

A-Health Score
76A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

💰
$2.9M
Total Revenue
📊
$2.9M
Total Expenses
🏦
$980K
Net Assets
📋
$55K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+53.1%
Year-over-year change (2022 → 2023)
Net Margin
-1.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.33
Net assets divided by total expenses
Liabilities-to-Assets
5.3%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,887,12253%$2,940,75962%$1,034,364
2022$1,886,3432%$1,818,8839%$1,032,6794%
2021$1,849,889216%$1,669,979136%$996,92121%
2019$586,03051%$708,90944%$821,7919%
2019$1,191,6656%$1,258,0268%$904,4988%
2018$1,123,9255%$1,164,5577%$985,9133%
2017$1,067,8436%$1,087,1039%$1,016,0662%
2016$1,007,4403%$998,8204%$1,035,5502%
2015$1,037,01013%$1,044,5889%$1,013,7242%
2014$918,7275%$958,9803%$1,033,3363%
2013$875,643$928,1074%$1,064,9494%
2012$879,34112%$888,1591%$1,111,7061%
2011$783,804$893,595$1,103,100

Frequently Asked Questions

What does Providence Ministries For The Needy Inc do?

Providence Ministries For The Needy Inc is a housing & shelter nonprofit organization based in Massachusetts. It is classified under NTEE code L400 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Providence Ministries For The Needy Inc financially healthy?

Based on our 9-metric Financial Health Score model, Providence Ministries For The Needy Inc has a score of 76/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Providence Ministries For The Needy Inc generate?

Providence Ministries For The Needy Inc reports $2.6M in annual revenue and holds $874K in total assets, based on IRS filings.

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