The Providence Center Inc
Overview
Mission
The providence center helps adults, adolescents and children affected by psychiatric illnesses, emotional problems and addictions by providing treatment and supportive services within a community setting. Since 1969, the providence center has made recovery possible for rhode islanders through over 60 programs and wraparound services that meet each individual's unique needs for living healthy.
What it reported doing in 2023
Expenses incurred in helping adults, adolescents and children affected by psychiatric illnesses, emotional problems and addictions by providing treatment and supportive services within a community setting. Since 1969, The organization has made recovery possible for Rhode Islanders through over 60 programs and wraparound services that meet each individuals unique needs for living healthy. Please refer to schedule o for the organization's community benefit statement.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 050316969
- IRS 990 coverage
- 2009–2023
- Forms available
- Form 990 2023
- Headquarters
- Providence, RI, USA
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Health
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.2%; rating input score 92
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 69.2%; rating input score 69; 21st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -1.8%; rating input score 23; 23rd percentile among comparable filings
- Operating reserve ratio: 0.52; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 1.6% per year; rating input score 100; 15th percentile among comparable filings
- Revenue growth: 3.2% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 92.2% of revenue deployed · 90% of spending went to programs
- Governance: 9 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $46.6M in reported program spending
- Leadership: top reported pay $1.7M · 22 people listed · 4 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 14 annual filings from 2009 to 2023
- Money network: 7 filed money-flow records
- Related organizations: 27 filed related-organization links